Coro’s Blog: On Purpose

The Social-Purpose Economy Is Coming of Age

Published on April 15, 2024

The purpose ecosystem is coming of age. You can see this when you start coming across academic research defining it and studying its potential and constraints, when you watch it come to fruition through your or others’ deliberate efforts, or when over 100 CEOs of purpose-driven companies endorse a Call to Purpose.

Academics studying this purpose-ecosystem phenomenon describe it as a self-organizing community of organizations and interdependent stakeholders organically seeking to promote wider system change through a shared intention to enable business to have a purpose beyond profit (Dahlmann et al and Lyon et al).

In Canada, my defining moment was in November 2021 when I co-moderated the United Way BC Social Purpose Institute’s first-ever national dialogue in a summit on social-purpose business. The Propelling Purpose Summit: The Road to the Purposeful Economy brought together the emergent purpose ecosystem and introduced the “purpose economy” narrative to Canada. (We postulated that if a business can have a social purpose, the economy should, too!) The summit named and consulted the social-purpose community on the levers of change that should be mobilized to accelerate the take-up of social purpose in business. The Canadian Social Purpose Ecosystem Map was created to find and connect the purpose ecosystem players.

Read the full article at Sustainable Brands.

Sustainable Brands

Subscribe to Coro’s Newsletter

A few times a year, Strandberg Consulting sends out a newsletter to keep Coro’s network up-to-date on her latest projects, publications and tools. You may subscribe to the newsletter here or visit the archives.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Do you know someone who may be interested in this? Share it.

You may also be interested in ...

blog-forbes
Nov 18, 2024
 in Leadership Strategies
I’m excited to share that I was recently interviewed by Afdhel Aziz for a Forbes article to discuss my journey to social purpose, my work with the Canadian Purpose Economy Project (CPEP), and our vision for creating a Purpose Economy by 2030.
blog-oct-11-2024-2
Oct 11, 2024
 in Leadership Strategies
The single-minded drive for profits in modern shareholder capitalism exacts a heavy toll on society. Accelerating climate change, mounting biodiversity loss, widening inequality, and eroding public trust are among the most damaging consequences of this economic paradigm. Its focus on profit as the primary purpose of business is a threat to human and planetary well-being.
becoming-pro
Nov 23, 2023
 in Leadership Strategies
More and more companies are adopting a social purpose as the reason their business exists.