Intangible economy : How can investors deliver change in businesses? Lessons from nonprofit-business partnerships

Investors traditionally prioritised tangible outcomes (money, land, machinery) in order to protect their financial assets. However, the intangible economy (trust, human resources, information, reputation) that co-exists draws attention to new expectations that request the continuous, active and within the public sphere involvement of investors in order to protect their assets by prioritising intangible resources. The paper argues that investors in intangible outcomes who aim to achieve change in corporations share the same limitations within the financial and non-financial field. The case of Nonprofit-Business Partnerships is employed in order to demonstrate how change can be achieved. The role of investors is crucial in facilitating the shift from the tangible to the intangible economy. Investment in the intangible economy is a mechanism of co-determining the priority of responsibilities in the context of corporate social responsibility

Partner Strategic Capabilities for Capturing Value from Sustainability-Focused Multi-Stakeholder Partnerships

As social and ecological problems escalate, the role of collective capacity and knowledge is becoming more critical in reaching solutions. This capacity and knowledge are dispersed among diverse stakeholder organizations. Thus, organizations in the private, public, and civil society sectors are experiencing pressure to address these complex challenges through collaborative action in the form of multi-stakeholder partnerships. One major challenge to securing and maintaining partner engagement in these voluntary collaborative initiatives is defining the value proposition for prospective and existing partner organizations. Understanding the relationship between different forms of partner involvement and the subsequent resources that partners stand to gain is necessary to articulate the value proposition of the partnership to partners. This study conducts a survey of partner organizations from 15 different sustainability-focused multi-stakeholder partnerships in Canada. We compare three partner strategies for implementation and value capture and discover that each strategy is associated with different partner-level resource outcomes. Our findings indicate that product stewardship strategies are associated with financial and organizational capital, marketing and promotion with human capital, and internal implementation structures with shared capital. This study has implications for multi-stakeholder partnership researchers and practitioners because it suggests the possibility that certain partner-level outcomes could rely on the partner, as well as partnership implementation strategies

Circular economy inspired imaginaries for sustainable innovations

In this chapter, Narayan and Tidström draw on the concept of imaginaries to show how Circular Economy (CE) can facilitate values that enable sustainable innovation. Innovation is key for sustainability, however, understanding and implementing sustainable innovation is challenging, and identifying the kind of actions that could direct sustainable innovations is important. The findings of this study indicate that CE-inspired imaginaries enable collaboration and by relating such imaginaries to common and shared social and cultural values, intermediaries could motivate actors into taking actions that contribute to sustainable innovation.fi=vertaisarvioitu|en=peerReviewed

Multi-Stakeholder partnerships (SDG#17) as a means of achieving sustainable communities and cities (SDG#11).

As social and ecological problems escalate, involving stakeholder groups in helping solve these issues becomes critical for reaching solutions. The UN Sustainable Development Goal #17 recognizes the importance of partnerships and collaborative governance. However, organizing large multi-stakeholder groups (or partnerships) requires sophisticated implementation structures for ensuring collaborative action. Understanding the relationship between implementation structures and the outcomes is central to designing successful partnerships for sustainability. In the context of sustainable community plan implementation, the larger research project of which the results presented in this book chapter are one part of, examines how stakeholders configure to achieve results. To date we have the data from a survey completed by 111 local governments around the world. The survey was offered in English, French, Spanish and Korean. Seventeen integrated environmental, social and economic topics are considered, including climate change, waste, ecological diversity and local economy. Despite the prevalence of sustainable community plan implementation in local authorities around the world there is scant empirical data on the topics covered in these plans internationally, the partners involved in implementation, and the costs and savings to the local governments that implement in partnership with their communities. The results presented in this book chapter show that sustainable community plans continue to be created and implemented in a diversity of communities around the world, are integrated in the sustainability topics that they cover, involve local organizations as partners in implementation, act as motivators of resource investment by the local government in community sustainability, and result in savings for the local government

Employee Involvement in Implementing CSR in Cross Sector Social Partnerships

Cross sector social partnerships are often portrayed as mechanisms of democratic participation of all involved parties. Hence the role of accountability is prominent in safeguarding that the voices of the internal and external stakeholders are being heard. In a nonprofit-business partnership the role of the nonprofit organization (NPO) is important in safeguarding social standards and high-quality program implementation. The paper presents empirical findings from an in-depth partnership case study between a mining company and an environmental NPO. The analysis identifies the missed opportunities of employee involvement at the nonprofit partner under the three stages of partnership implementation: selection, design and institutionalization. The paper offers recommendations for strengthening the internal accountability mechanisms in order to safeguard corporations' CSR investment and the accountability of NPOs