Published Oct 2024
Working in the impact economy
The impact economy is a rapidly evolving space that offers diverse opportunities to create positive change. This section delves into ideas and approaches that are relevant to social enterprise AND to others contributing to a new economy that puts people and planet first. From exploring power dynamics and decolonisation to thinking in systems and engaging communities, these resources will provide you with a broader view and equip you to make a meaningful impact through your work.
The different faces of social enterprise
This is an introduction to the diverse landscape of social enterprises, exploring various models such as non-profits, cooperatives, for-purpose businesses, and more. Through curated resources we aim to provide readers with an understanding of the many forms social enterprises can take and the various challenges and opportunities that different approaches present.
Resources
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This report by Social Enterprise Australia reveals that 12,033 social enterprises contribute $21.3 billion to Australia’s economy, employing over 206,000 people.
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This guide introduces 'impact enterprise' as a broad term for businesses creating positive social impact, focusing on core purpose over specific labels.
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The impact economy
Here, we explore the impact economy – what it is, its key components, and the different perspectives and movements that seeking to bring about a more sustainable and just economic system. We'll explore current trends and opportunities in the growing impact economy, providing insights into how individuals and organisations can navigate and contribute to this dynamic field.
Resources
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This video introduces Doughnut Economics, a framework by economist Kate Raworth that balances human needs with planetary health. Challenging traditional growth-focused economics, it emphasises well-being within ecological limits. The concept offers a compelling perspective on sustainable development and highlights the role of social enterprises in the impact economy, engaging stakeholders effectively.
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This article introduces the 'impact economy', a model integrating social, environmental, and economic outcomes. It explores its definition, relevance in the Anthropocene era, and components like impact-driven business, investment, and trade. Key topics include political leadership, innovation, impact measurement, and challenges such as inclusion and new economic indicators. A valuable primer for understanding how reshaped economic systems can address global challenges and better serve people, places, and the planet.
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Power, decolonisation and self-determination
Here we explore some of the critical issues of power dynamics, historical injustice, and privilege. We consider strategies for decolonising practice and enabling self-determination. We also explore concepts of community wealth-building and community-led governance.
Resources are coming soon.
Resources
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This blog delves into power through a systems change lens, emphasising its importance in tackling sustainability challenges. It redefines power as a relational dynamic rather than a static state, exploring shifts from “power over” to “power with” approaches. Key themes include privilege, systemic challenges like climate change and inequality, and the fractal nature of power across scales. Combining theoretical insights with practical strategies, it provides tools for minimising hierarchical power, fostering collaboration, and building capacity for transformative, inclusive decision-making.
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This article examines Indigenous perspectives on economics and self-determination in Australia, highlighting historical dispossession, economic exclusion, and alternative frameworks for wealth. It explores Indigenous values of communal wealth, economic sovereignty tied to land and spirit, and sustainable solutions.
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Coming soon
Stay tuned as we continue to build out "Working in the impact economy". Other topics which will soon be included are:
- Thinking and working in systems
- Participatory approaches
- Technologies for good
- Story telling for change
Understorey points to a range of quality resources that help the sector to learn and exchange about social enterprise. Do you have a good resource you would like to recommend? Share it with us here.
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