The Happy Economy: Exploring Social Enterprise & Social Purchasing

“Happiness,” the term that Aristotle uses to designate the highest human good... Philosophers and religious thinkers often define happiness in terms of living a good life, or flourishing…

Economics is the activity of the market place… The “Market Place” has two components: Supply Side –producing and selling of goods and services in the market place Demand Side – the purchasing of goods and services in the market place

Happy Economy is a Marketplace where the exchange of goods and services creates flourishing communities…

The Emerging Market Place Ecosystem FormerEmerging Decide – Announce - Defend Quarterly Financials Compete Avoid Risk Silos Shared Values Create Opportunities Blended Value ROI Collaborate Development Profits Stakeholders Shareholders Share Prevent React Solve

Traditional Non-Profit Relies on Charitable Gifts

InputsActivityOutputOutcomeImpact Social Evaluation Framework Former ContextEmerging Context

Traditional For-Profit Enterprise Seeks only a Financial Return on Investment

Budget Implications Short Term $$$ ROI Long Term $$$ ROI Financial Evaluation Framework Former ContextEmerging Context

Emerging Model is a Blended Value Impact

Emerging Blended Value Model Financial Return on Investmen t Social Services Blended Value Impact

Blended Value “Supply Side” Social Enterprises They sell goods or services in the market place to achieve a social, cultural and/or environmental purpose And they reinvest their profits to maximize their social mission.

Catering Office Cleaning Health Care Building Maintenance Social Enterprises Offer a Full Array of Goods & Services Manufacturing Temporary Labour Services Recyclin g Landscaping 13

Blended Value “Demand Side” Social Purchasing Social Purchasing uses existing purchasing to create a social value Not less value or more cost-- blended value!

Progression of Social Purchasing Legal Minimum External Ethical Philanthropy CSR Engage Stakeholders Collaborate Transform Initiate Integrate Former Context Emerging Context

Social Purchasing Framework Price Social Green Quality

Social Enterprise Social Purchasing Happy Economy Blended Value Marketplace

A Happy Economy is a Community Economy… Where the exchange of goods and services creates flourishing communities…

David LePage Accelerating Social Impact CCC