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The Bottom Line, The Sharing Economy

The Bottom Line, The Sharing Economy | Dare Care Share | Scoop.it

The Sharing Economy is the topic of discussion for Evan Davis & his guests in the first of a new series of The Bottom Line on BBC Radio 4.


The market is built around renting out your possessions to strangers and entrepreneurs have piled in to enable us to share our homes, cars, bikes, clothes, tools and much more besides. At its heart is the idea that business works better if it collaborates, rather than competes, with other companies.

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David Hain's curator insight, January 31, 5:41 AM

Caring, daring and sharing - the future!

Dare Care Share
In the future the winners will be people and organizations who actively prepare for tomorrow by daring, caring, and sharing.
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About Dare Care Share

About Dare Care Share | Dare Care Share | Scoop.it

The purpose of this site - Dare Care Share - is to highlight new ways of doing business, innovative business models, and organizational ecosystems that are committed to the values of dare, care, and share.  


The fundamental idea is that the more you give, the more you get. The more you share, the more they care. The more you dare, the more is there for you.


In tomorrow’s purpose-driven economy the winners will be people and organizations who actively:

 

DARE to think outside the box, go new ways, strive higher, challenge obsolete ways of thinking and operating, pursue continuous learning, and give space to others.

 

CARE about the customer, their impact on the environment, the way work is carried out, how people are treated, and how profit is generated.

 

SHARE to inspire others, benefit from reciprocity, make great ideas come alive, create value, and benefit the common good. 


                                             


About Kenneth Mikkelsen 


About Kenneth Mikkelsen


I believe that knowledge is everything. Knowledge is ideas. Knowledge is power. Knowledge is hope. 

But only if it is shared and applied.


That is why I created Dare Care Share on Scoop.it. My personal aim is to provide you with stories you can learn and grow from. The kind of stories that provokes personal reflection and constructive action. 

I'm co-founder of Future Associates, a consultancy that helps visionary companies identify and tackle the big shifts in the world by cultivating the skills, mindsets, and organizational cultures needed to succeed in times of change.


You're welcome to connect via: 

 

LinkedIn: www.linkedin.com/in/kennethmikkelsen

Google+: https://plus.google.com/+KennethMikkelsen

Twitter: www.twitter.com/LeadershipABC

 

I hope you'll be inspired.

 

Enjoy!

 

Kenneth

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Whatever Happened to Corporate Stewardship?

Whatever Happened to Corporate Stewardship? | Dare Care Share | Scoop.it

The social contract between employer and employee began to fray in the 1970s, and it has since been totally ripped apart. Myriad culprits are to blame, including rapidly advancing technology, heightened global competition, the weakening of unions and, perhaps more than anything, a horribly misplaced mindset that has elevated stockowners above all other groups.


Kenneth Mikkelsen's insight:

An ethos has been lost. When corporations dodge taxes, it's an ethical issue. 

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Purpose and Profit: How Giving Back Helps Organisations Grow

Purpose and Profit: How Giving Back Helps Organisations Grow | Dare Care Share | Scoop.it

Businesses need to identify their purpose and leverage it throughout their organisation, in order to drive real cultural change. However, this should not be at the expense of the bottom line. Defining a purpose does not mean turning your back on profit and growth – these factors remain key to an organisation’s success and are, in fact, the result of a purposeful approach.


Kenneth Mikkelsen's insight:

Geoff McDonald, former senior VP of HR at Unilever, believes that all organisations must consider what their purpose is in order to fully connect with and benefit society, as well as achieve long-term success.

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Becky Willmoth's curator insight, October 8, 10:51 AM

Geoff McDonald, former senior VP of HR at Unilever, believes that leaders should engage employees in their company’s purpose, helping it to resonate throughout the organisation. A purposeful approach to “giving back” is one that many employees can easily connect with. It will help employees play their part in making a positive change and leave their mark.

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Combining Profit and Purpose

Combining Profit and Purpose | Dare Care Share | Scoop.it

While current and future business leaders agree overwhelmingly that businesses should have a social purpose, far fewer future leaders than current leaders agree that businesses currently do have a social purpose.


Businesses must act for both profit and purpose to compete in the future. 


Via Becky Willmoth
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Becky Willmoth's curator insight, October 3, 10:32 AM

An International Corporate Volunteering (ICV) programme that aligns with an organisations strategic direction can help unite profit and purpose. Leveraging employees’ skills through ICV, will allow them to contribute directly to an organisations social purpose, deepening their engagement with the organisation, developing their global leadership skills and broadening their understanding of emerging business opportunities. 

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Neoliberalism has brought out the worst in us

Neoliberalism has brought out the worst in us | Dare Care Share | Scoop.it

An economic system that rewards psychopathic personality traits has changed our ethics and our personalities.

Kenneth Mikkelsen's insight:

This is a profound commentary by Paul Verhaeghe. In August 2014 he published the book: What About Me? The Struggle for Identity in a Market-Based Society.


The book takes a deeper look at the thoughts brought forward in this commentary. It's a recommended read. 

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8 Institutional Innovations That Could Update the Economic System

8 Institutional Innovations That Could Update the Economic System | Dare Care Share | Scoop.it

We live in an age of profound disruption. Global crises – financial, food, fuel, natural resources, poverty – challenge almost all societies. Yet over the coming decades these disruptions will also create, and are already creating, opportunities for profound personal, societal, and global renewal.


The world’s crises represent three divides: ecological, social, and spiritual. The ecological divide manifests in symptoms such as environmental destruction, and is experienced as a divide between self and nature. The social divide manifests in increasing rates of poverty, inequity, polarisation, and violence and is experienced as a divide between self and self. And the spiritual divide is experienced as a disconnect between self and self — the “current self” and the “emerging future self”.

Kenneth Mikkelsen's insight:

Otto Sharmer suggests eight ways of shifting outdated capitalism into a 21st century economy that creates wellbeing for all.

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Building Networks and Movements for Social Change

Building Networks and Movements for Social Change | Dare Care Share | Scoop.it

The social sector is at a critical inflection point, a moment when external and internal forces are challenging many of its old ways of working. The sector is undergoing an intergenerational transfer of power, as the leadership of legacy nonprofits shifts from baby boomers to diverse Generation Xers and millennials who have new perspectives on how to lead.


Simultaneously, new technologies such as social media are disrupting "analog" approaches, and threatening to break down traditional silos within and between organizations. And as more nonprofits experiment with approaches like collective impact, collaboration is becoming the new normal rather than the rare exception. Consequently, there's a growing recognition that we need new strategies and tactics for social change.


Kenneth Mikkelsen's insight:

Lessons from a new initiative aimed at supporting and developing new social justice leaders.

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Doing Well, Doing Good And Speaking Up

Doing Well, Doing Good And Speaking Up | Dare Care Share | Scoop.it

Business leaders have been in for some rough sledding lately. After the egregious examples of poor judgment that ushered in the Great Recession – and the pain and dislocation of so many in its wake – the CEO image was understandably tarnished. 

Kenneth Mikkelsen's insight:

Interview with Paul Bulcke, CEO of the world’s largest food company, Nestlé. In the interview Bulcke mentions that: 


Leadership is about long-term perspective.

The biggest challenge for leadership is to keep perspective on things.

The recent financial crisis was really a values crisis. It was short-term thinking taking over for the long term – “me now” instead of “us tomorrow”.

CEOs of leading companies have to be more outspoken, even when they’re being criticized. They are, and have to be part of the solution to society’s problems.

In the Western world, we’re living in a society that is to a certain extent spoiled. Society no longer demands responsibility from individuals and citizens. As individuals we speak more in terms of “our rights” than “responsibilities.” We should not “claim” a future: we should work for one. We need to bring back the sense of responsibility for framing issues and shaping the future.

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Social Media Has Undermined People's Trust in Brands

Social Media Has Undermined People's Trust in Brands | Dare Care Share | Scoop.it

A Facebook ‘like’ often doesn’t mean much, to re-build consumer trust brands must be transparent about the provenance of their products and communicate their values clearly. 

Kenneth Mikkelsen's insight:

Building consumer trust lies both in brand transparency and product provenance.

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In Search of the Good Business

In Search of the Good Business | Dare Care Share | Scoop.it

Excellent case story about Unilever and its 'Sustainable Living Plan.'


Running a firm with close attention to its environmental and social impact is not an act of charity but of self-interest, properly conceived. Unilever is leading the way. 

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Add Value or Someone Else Will

Add Value or Someone Else Will | Dare Care Share | Scoop.it

The lure of maximising profits at the cost of creating customer value can be devastating in the long term.


Bigger is not better. Focussed is better. There is always some value that you can add. Where there is a will to create value, there are many ways, and not all require you to be a large corporation willing to make million dollar investments.  

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Marc Kneepkens's curator insight, August 19, 7:27 AM

Nice stories. Always keep 'adding value' in mind when running a business. It will pay off in the end.

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The Marriage of Meaning and Happiness

The Marriage of Meaning and Happiness | Dare Care Share | Scoop.it

Happiness, purpose and meaning are top priority for Millennials. The marriage of meaning and happiness is challenging yet needed blend.


Via Ivon Prefontaine
Kenneth Mikkelsen's insight:

We want to be happy, find our purpose, and live a life of meaning. We want to change the world.


If Millennials had a slogan, this would be it.


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Ivon Prefontaine's curator insight, August 4, 4:39 PM

The Viktor Frankl quote is important in this article. He wrote the definitive books on meaning in life. The work we do i.e. teaching has to have meaning. Work is embedded in life. It is married to who we are as a person.

 

@ivon_ehd1

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The Downside of Competition

The Downside of Competition | Dare Care Share | Scoop.it

In A Bigger Prize, former CEO Margaret Heffernan argues that the corporate world has an unhealthy obsession with winning.


Many of us have come to see Darwin’s “survival of the fittest” as a shorthand expression of the legitimacy of competition, but Heffernan has a thought-provoking counter-perspective: Natural selection is not synonymous with heightened competition.


Kenneth Mikkelsen's insight:

As one of the world’s greatest leaders, Franklin D. Roosevelt, once put it: “Cooperation, which is the thing we must strive for today, begins where competition leaves off.”


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Generation Flux's Secret Weapon

Generation Flux's Secret Weapon | Dare Care Share | Scoop.it

In a world of rapid change and great uncertainty, the greatest competitive advantage of all may be at your very core.

Kenneth Mikkelsen's insight:

Companies need to find their core purpose in order to unlock product differentiation, talent acquisition and retention and even investor loyalty. The more companies focus on something beyond money, the more money they make.


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Buddhist Economics: How to Stop Prioritizing Goods Over People and Consumption Over Creative Activity

Buddhist Economics: How to Stop Prioritizing Goods Over People and Consumption Over Creative Activity | Dare Care Share | Scoop.it

What does it really mean to create wealth for people — for humanity — as opposed to money for governments and corporations?

Kenneth Mikkelsen's insight:

Rhodes Scholar, and economic theorist E. F. Schumacher's1973 book Small Is Beautiful: Economics as if People Mattered was deemed by The Times Literary Supplement one of the 100 most important books published since WWII.


Sharing an ideological kinship with such influential minds as Tolstoy and Gandhi, Schumacher’s is a masterwork of intelligent counterculture, applying history’s deepest, most timeless wisdom to the most pressing issues of modern life in an effort to educate, elevate and enlighten.

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Ivon Prefontaine's curator insight, October 14, 6:56 PM

David Loy and Marc Anielski write on the Buddhism and economics. Other sources might be Wendell Berry and Gary Snynder who write about ecology and economics being connected.

 

@ivon_ehd1

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The Transition to Enlightenment

Featuring discussions of Raymond Williams's model of culture; Edward Taylor; Jonathan Edwards; Benjamin Franklin; George Whitefield; and the Great Awakening.

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Are You a Conscious Capitalist?

Are You a Conscious Capitalist? | Dare Care Share | Scoop.it

It’s time for capitalism to find a higher purpose.


Conscious capitalists focus on a higher purpose—to have a positive impact on the world, through the products and services they deliver and the value they create for their stakeholders. The four principles of conscious capitalism—purpose, stakeholder orientation, conscious leaders, and conscious cultures—are practiced in well-known and revered companies such as Whole Foods Markets, Patagonia, Tata Group, Toms Shoes, Medtronics, and TDIndustries. These companies have figured out how to be fierce competitors and generate superior financial performance while treasuring their employees and delighting their customers without destroying the planet.


Kenneth Mikkelsen's insight:

Higher Purpose: Recognizing that every business has a purpose that includes, but is more than, making money. By focusing on its Higher Purpose, a business inspires, engages and energizes its stakeholders.


Stakeholder Orientation: Recognizing interdependent nature of life and the human foundations and business, a business needs to create value with and for its various stakeholders (customers, employees, vendors, investors, communities, etc.). Like the life forms in an ecosystem, healthy stakeholders lead to a healthy business system.


Conscious Leadership: Human social organizations are created and guided by leaders – people who see a path and inspire others to travel along the path. Conscious Leaders understand and embrace the Higher Purpose of business and focus on creating value for and harmonizing the interests of the business stakeholders. They recognize the integral role of culture and purposefully cultivate Conscious Culture.


Conscious Culture: This is the ethos – the values, principles, practices – underlying the social fabric of a business, which permeates the atmosphere of a business and connects the stakeholders to each other and to the purpose, people and processes that comprise
the company. 

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The Looming Death of Homo Economicus

The Looming Death of Homo Economicus | Dare Care Share | Scoop.it

The world seems to be on the verge of another “great transformation," which will fundamentally redefine the nature of our economic and social relationships. But mainstream economics – which assumes that people are self-interested, fully rational economic actors – fails to recognize the social half of the equation.

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Essential Mindset Shifts for Collective Impact

Essential Mindset Shifts for Collective Impact | Dare Care Share | Scoop.it

To be effective, collective impact must consider who is engaged, how they work together, and how progress happens.

Kenneth Mikkelsen's insight:

Several mindset shifts are necessary for collective impact partners, and these are fundamentally at odds with traditional approaches to social change. These mindset shifts concern who is engaged, how they work together, and how progress happens.

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Making Capitalism More Inclusive

Making Capitalism More Inclusive | Dare Care Share | Scoop.it

Selected Speeches and Essays from Participants at the Conference on Inclusive Capitalism in London May, 2014. 

Kenneth Mikkelsen's insight:

At its heart of inclusive capitalism is the view that businesses and investors must be conscious of their role in society in addition to their bottom line, and have a responsibility to change their behavior when public confidence in markets falters.


I also encourage you to read this paper by The Henry Jackson Initiative.

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Opportunist Shareholders Must Embrace Commitment

Opportunist Shareholders Must Embrace Commitment | Dare Care Share | Scoop.it

The doctrine of shareholder value maximization has allowed us to believe that the existence of these long-lived, hierarchical and powerful entities has not changed the market economy fundamentally. But, as Colin Mayer of Oxford’s Saïd Business School argues in his splendid book, Firm Commitment, this approach also misses the true purpose of the company.


Companies, argues Professor Mayer, are a mechanism for sustaining long-term commitments. But such commitments will only work if it is costly for the parties to act opportunistically. Moreover, it is often in the interests of all parties to bind themselves not to behave in such a way. But, with an active market in corporate control, such commitments cannot be made. Those who make the promises may disappear before they can deliver.

Kenneth Mikkelsen's insight:

Nothing in economics is more important than how companies should be managed. 

Unfortunately, we have made a mess of this. That mess has a name: it is “shareholder value maximisation”. Operating companies in line with this belief not only leads to misbehaviour but may also militate against their true social aim, which is to generate greater prosperity.


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LinkedIn Speaker Series: Fred Kofman

Fred Kofman, professor and author of Conscious Business, discusses why your job is not your job.

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In the Sharing Economy, Workers Find Both Freedom and Uncertainty

In the Sharing Economy, Workers Find Both Freedom and Uncertainty | Dare Care Share | Scoop.it

Workers are their own bosses in the so-called sharing economy, but that flexibility also brings much uncertainty — and few of the protections of full-time work.

Kenneth Mikkelsen's insight:

Technology has made online marketplaces possible, creating new opportunities to monetize labor and goods. But some economists say the short-term gig services may erode work compensation in the long term.

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Banking on Shared Value

In the wake of the financial crisis, banks have been under fire from all fronts—and leaving value on the table. The potential to create shared value through retail, commercial, and investment banking is enormous. This new approach will enable banks to capitalize on new opportunities and leverage their biggest asset—their core business—to address some of the world’s toughest challenges.

Kenneth Mikkelsen's insight:

According to the new FSG report, "Banking on Shared Value," banks are leaving value on the table. 


Traditionally banks operate under three common myths that prevent them from pursuing shared value: A profit vs. purpose trade-off mentality, low ROI expectations, and insufficient scale. 


Instead, banks can leverage their enormous capability for innovation and market making to shift the conversation, overcome these perceived barriers, and realize opportunities for growth in shared value markets. This report, Banking on Shared Value takes these three myths, and turns them to opportunities.

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Can Benefit Corporations Work?

Can Benefit Corporations Work? | Dare Care Share | Scoop.it

James Surowiecki on companies that have social responsibility written into their charters.


Excerpt from article: 


The rise of B corps is a reminder that the idea that corporations should be only lean, mean, profit-maximizing machines isn’t dictated by the inherent nature of capitalism, let alone by human nature. As individuals, we try to make our work not just profitable but also meaningful. It may be time for more companies to do the same. 

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Sustainability’s Strategic Worth

Sustainability’s Strategic Worth | Dare Care Share | Scoop.it

Executives at all levels see an important business role for sustainability. But when it comes to mastering the reputation, execution, and accountability of their sustainability programs, many companies have far to go. 


Kenneth Mikkelsen's insight:

More and more companies are addressing sustainability to align with their business goals. However, many of this year’s respondents In McKinsey's survey say their companies are not pursuing the reputation-building activities that would maximize that financial value.


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