Well-Being as Business Purpose?

OECD October 16, 2012 New Delhi, India

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Managing for Well-being not Profit

• Why should business learn from public

policy?

• What could business learn?

• What are some businesses currently learning?

Agenda The

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• Power/Influence of Business

• Expectations of society

• Legitimacy crisis of business

Why Happiness should matter to Business?

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• Alternative Perspectives are needed

• Ultimate „Currency“ is happiness

• Oikonomia and chrematistike

• Utility not GDP/ income central focus of economy

• Much is Happening on the Policy Level

• Not much on the Business level

What can business learn from public policy?

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• Humanistic reinterpretation of Economics/business

• The Humanistic Management Network

• Common Good Economy CEO‘s/ Social Entrepreneur‘s

• Learning communities on how to measure what matters

Overview The

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• Stakeholder well being • Investors (Shareholder Value)

• Employees (Employee Satisfaction)

• Customers (Customer Satisfaction)

• Suppliers (Fair labor standards/fair trade)

• Measures can be product and service based

• And measure contribution of organization to stakeholder wellbeing

• Financial/Social/Psychological/Physical/Spiritual/ Environmental

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Overview The

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Product/Service: Chips/Crisps

Well Being Dimension Employees Customers Suppliers Investors Society psychological

physical social financial

spiritual environmental

Product/Service: Microcredit Well Being Dimension Employees Customers Suppliers Investors Society

psychological physical

social financial spiritual

environmental

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• Thought Leadership

• Catalyst for Paradigm Change

• Books/ Book Series

• Conferences North America, Latin America, Europe

• Chapters

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Humanism in Business Series

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Welcome The

Humanistic Management

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This is a

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Moment !

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