Timestamp of today's podcast
[0:11] Jean introduces Joanna Cea and Jess Rimington, co-authors of “Beloved Economies: Transforming How We Work.”
[3:16] What is a beloved economy? It describes a different way of conducting business that prioritizes power sharing and inclusion.
[6:35] The loveless economy is a departure from business as usual and a turning away from love, according to research and bell hooks's writings.
[11:31] 60 enterprises were studied that are far more inclusive – bringing people together as peers, co-owners, and co-leaders – and more successful.
[13:50] Jess grew up with background in family business that modeled values of resiliency and survival.
[17:06] Joanna describes her personal background and interest in global justice.
[19:17] They were baffled by businesses that didn’t include designs and ideas from the people they were trying to help. Why weren’t the recipients even included at the table?
[25:12] They found commonalities among groups that had departed from business as usual. These commonalities were distilled into their seven practices for inclusive decision making.
[28:51] Their seven practices for inclusive decision making are: share decision-making power, prioritize relationships, reckon with history, seek difference, source from multiple ways of knowing, trust there is time, and prototype early and often.
[32:10] Carrying out this process requires courage: to take time needed; allocate budget; recognize one’s own limitations; and push back on norms.
[34:37] 10 Squared is an example of innovating occupational health and safety. It assembles a team of managers and workers to solve workplace safety issues.
[36:24] Jess: This is so in alignment with how the rest of life works.
[42:01] Joanna: This is all about balance. It's about enriching the field of information and bringing more things in. It's about expanding the kinds of knowledge and insight coming in.
[45:02] Jess: What we're really trying to advocate here is economic imagination.
[48:55] Summary: A beloved economy distributes power to design our future and our business and our life.
Questions to ask yourself
- Can you visualize a business that follows the practices of beloved economies? What does it look like?
- What has to be given up to expand outside the capitalism box?
|
Conscious Change skills
covered in this podcast
- Build effective relationships
- Engage in powerful listening
- Develop skills in inquiry and openness
- Conscious use of self
- Maintain integrity
- Focus on others’ strengths
- Adopt a growth mindset
- Initiate change
- Commit to personal change
- Set direction, not fixed outcomes
#BelovedEconomies #LovelessEconomy #PowerfulListening