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, by William D. Eggers
Download PDF , by William D. Eggers
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Product details
File Size: 4250 KB
Print Length: 306 pages
Publisher: Harvard Business Review Press (August 27, 2013)
Publication Date: August 27, 2013
Sold by: Amazon Digital Services LLC
Language: English
ASIN: B00C4GRK4C
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The Solution Revolution: How Business, Government, and Social Enterprises Are Teaming Up to Solve Society's Toughest Problems by Williams D. Eggers, Paul Macmillan"The Solution Revolution" is a fantastic book that introduces a new economic paradigm to solve society's problems. Deloitte's William D. Eggers and Paul Macmillan show readers how players from across boundaries (government, business and philanthropists) come together to address tough societal problems. This is an invaluable resource that illustrates the power of collaboration. This enlightening 306-page book includes the following seven chapters: 1. The Wavemakers, 2. Disruptive Technologies, 3. Business Models That Scale, 4. The Currencies, 5. Public-Value Exchanges, 6. The Ecosystems, and 7. Creating Your Own Solution Revolution.Positives:1. A well-researched, well-written book. It's inspirational and engaging.2. Excellent and important topic. Collaboration that leads to the public good.3. Excellent format that includes a great summary at the end of each chapter.4. Countless business cases that clearly show the new economic paradigm in action.5. Even handed, the authors were careful to appear politically neutral.6. Clearly shows the need for this new paradigm, "Society is witnessing a step change in how it deals with its own problems--a shift from a government-dominated model to one in which government is just one player among many."7. The central theme of the book up front. "This is a central idea behind the solution revolution: social impact becomes a form of currency with real value to millions--from foundations to governments to venture philanthropists to individual citizens."8. The six principal features of the solution economy. "* Wavemakers, who solve problems * Disruptive technologies * Business models that scale * Impact currencies * Public-value exchanges * Solution ecosystems"9. The players engaged in delivering societal solutions. "The Bill & Melinda Gates Foundation is the single most influential philanthropic organization in the world."10. Great facts. "Today, private philanthropy to the developing world surpasses the monetary contributions of all governments combined."11. Multirational multinationals, "Partnering with Kamen to expand access to clean water supports Coca-Cola's already far-reaching clean-water initiatives."12. Well-defined useful terms. "Innovators that mix profit making and social missions fall into two broad categories. First are those whose societal mission is front and center, but for which the market is their instrument of change. These innovators are known as social enterprises."13. The underrated purchasing power of the marginalized. "One previously marginalized population capturing significant interest is the world's 4 billion people at the `base of the pyramid.' This group collectively represents $5 trillion in purchasing power."14. The power of "crowdsourcing".15. Great examples throughout the book, "The Recyclebank model instead sidesteps punitive measures altogether in favor of an incentive-based solution. It was a classic case of carrot versus stick--except that Recyclebank bet on the carrot."16. Great examples of business models that surpass current public service approaches. "Two Haitian social entrepreneurs, Jean-Ronel Noel and Alex Georges, for example, learned integrated circuit engineering from MIT's OpenCourseWare and subsequently used the knowledge to erect more than five hundred solar street lamps in Haiti's poorest communities."17. How the solution economy is being reshaped by a new definition of currencies.18. New platforms that match capital to societal needs. "After returning to Australia, Goldbloom taught himself to write code and launched Kaggle, kick-starting a global exchange of algorithms. Kaggle organizes competitions according to specific data problems, with the most accurate predictive model winning."19. A great example on affordable housing.20. A guide on how to change the world.21. Links and great supporting material.Negatives:1. The book is so focused on providing positive information that it misses an opportunity to address a lot of the problems or special challenges (there is one example dealing with the special challenges facing entrepreneurs but they are few and far between).2. No formal bibliography.In summary, I really enjoyed this book. It provides valuable information on how collaboration between government, business and philanthropists lead to solving society's toughest problems. It's engaging, well written and illustrates clearly the value these movements have to the better public. I can provide unlimited praise, I highly recommend it!Further recommendations: "Platform: Get Noticed ina Noisy World" by Michael Hyatt, "Collaborate or Perish!: Reaching Across Boundaries in a Networked World" by William Bratton and Zachary Tumin, "Outliers: The Story of Success" and "The Tipping Point: How Little Things Can Make a Big Difference" by Malcolm Gladwell, "Just Start: Take Action, Embrace Uncertainty, Create the Future" by Leonard A. Schlesinger, "The Hidden Agenda: A Proven Way to Win Business and Create a Following" by Kevin Allen, "The ONE Thing" by Gary Keller, "Switch: How to Change Things When Change Is Hard" by Chip and Dan Heath, "Get Lucky: How to Put Planned Serendipity to Work for You and Your Business" by Thor Muller and Lane Becker "inGenius" by Tina Seelig, "Work with Me" by Barbara Annis and John Gray, "Power: Why Some People Have It and Others Don't" by Jeffrey Pfeffer, "The Power of Habit: Why We Do What We Do in Life and Business" by Charles Duhigg, "Rebounders: How Winners Pivot from Setback to Success" by Rick Newman, and "Drive: The Surprising Truth About What Motivates Us" by Daniel H. Pink.
I work on the Board for Not For Sale, an anti-trafficking organization that believes and acts upon a solution based approach that is found in this book. The authors show that there is a different approach to major issues in the world than the typical "Silo" approach. This book is so full of resources, ones that have worked, ones that have not worked and ones where the jury is still out. This book will show you that traditional approaches are not working and that a new collaboration, partnership and thinking outside of the box is required to address our communities, nations and global issues these days. This book is a book full of resources that I am already using over and over again.So if you are wanting to make an impact in an area or connect with new partners to focus on the common good, this is a book that will show you what that looks like.
Eggers and Macmillan have done us a big favour by collecting a compelling compendium of ideas and practical examples of an important phenomenon - what I would call, following Lisbeth Schorr, the "public purpose" sector. This is something that has been developing for some time as governments find themselves stretched in terms of money, ideas and expertise as they confront complex risks and opportunities in a world full of turbulent change. As a result we've been witnessing for a while now various experiments in new combinations of public, private and civil society assets to tackle the big problems we want to solve.What the Solution Economy suggests is that we've reached something of a tipping point in this process. That has two important consequences. One is that the scale, speed and variety of the experiments are all growing as public and private entrepreneurs and social innovators are becoming more confident as they try new ideas and engage a creative cycle that quickly tests ideas to find the ones that work and which can scale.The second consequence is that the public sector itself, as a key institution of policy and governance, is changing shape. Under the relentless pressure of wicked problems, reducing resources and big social, economic and technology changes the work and contours of the formal public sector are changing, sometimes dramatically. New cross boundary collaborations are fueling new solutions and, at the same time, creating new markets for innovation. How define 'public' problems (and opportunities), as well as the instincts and practices we draw on to deal with them, are all changing. In that sense, what is in and out of the public sector is changing and the lines between sectors and different types of player are blurring.But perhaps the most important insight of the book is that the real significance of the solution economy is not that it is new and cool and clever or that it has become a distinct economy in its own right, but rather that its sole measure of performance is the results these new approaches achieve. In the solutions economy, what matters in the end is whether the new ideas and clever new approaches actually work. And if they don't, the instinct that drives the solutions economy follows the advice from Franklin Roosevelt, who reminded us that "it is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something."This is an important, timely and at times provocative book about the way we will need increasingly to set about the big tasks of the rapidly changing world in which we find ourselves.
The book describes a lot of examples about a new way of doing business where purpose-driven entities create value to every stakeholder involved through market mechanisms
I loved this book. With all the news of war, crime and tragedy, it's easy to forget that there are individuals and organizations out there that are innovating, creating and taking risks to make the world a better place. I was lucky to get an early copy and finished it feeling very optimistic about the future. Since reading the book, I've been thinking differently about CSR and how companies can use their assets and intellectual capital to find solutions to societal problems. I have since purchased several more copies to give as gifts to friends and colleagues.
These days real life examples of solutions that work are few and far between, but this book offers many examples of creative approaches that address real world problems in a practical way.
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