Blending Social and Economic Outcomes


This blog post is the third in a series curated by Al Etmanski on the topic of what leading thinkers would like to see become 'more visible' in 2011. You can download the complete collection of responses to Becoming Visible here: Download Becoming Visible. SocialFinance.ca will be cross-posting the contributions to Al's project that refer to social finance. Enjoy.

I have spent my life in the not-for-profit sector; it is core to who I am.  It is through the social services sector that I have worked to create change and help those in need.  From volunteering at the age of 12 with my home economics teacher to make breakfast (white bread and Cheez Whiz, no less) for kids coming to school hungry; to running shelters for homeless youth or battered women; from launching an innovative program to allow people to access human service information; to advocating for children’s health – the not-for profit sector has been my home.

But then something happened to me, something a bit odd in fact: I landed on MaRS.  MaRS is a “convergence innovation centre” located in downtown Toronto. It was set up to help commercialize life science research but soon moved to supporting entrepreneurs in the areas of information technology, clean tech and social innovation.  The social innovation practice is something that I have been privileged to help design and implement as part of the Social Innovation Generation (SiG) team and as the Director of Social Entrepreneurship at MaRS.

Although MaRS is a not-for-profit organization, most of my colleagues come from the for-profit sector.  Our clients in the SiG practice are social entrepreneurs who, interestingly enough, come equally from social enterprises (NFP) and social purpose businesses (FP). And what I’ve come to conclude is that all those entrepreneurs want the same end goal:  systemic, sustainable, social change. 

As a result of this work I have come to challenge my own assumptions about the appropriate vehicle for creating social change.  I have come to accept that the corporate structure of an organization should not matter as much as the outcome or impact we are able to achieve.  In fact, we should aim for a “blended value” proposition in all our work.  And it seems this blended value concept is not in fact all that odd. That the term even has an originator, Jed Emerson, and that management gurus like Michael Porter write about it in the Harvard Business Review under the heading: The Big Idea.
 
So what I want to become more visible in 2011 is the realization that it is possible to achieve both social and economic outcomes in your work.  That it is possible to live and work your values.  That you should not have to make a choice between sacrificing your values to make money or sacrificing your earning potential by working for an organization that helps people.  The choice is yours, and – if you look hard enough - you will be supported in your efforts to both make money and make a difference. Regardless of your choice of corporate structure, I’ll be standing right behind you.

This blog post originally appeared on Al Etmanski's blog.

Photo credithttp://www.flickr.com/photos/uggboy/4807789993/

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