THE FUTURE OF BUSINESS: WORKING WITH THE VALUE WEB

Here at INDEX: Design to Improve Life® operating to benefit society has always been at the forefront of our priorities, but knowing how to successfully continue is always a pressing challenge. Engaging with strategic agencies and likeminded businesses ensures we can constantly broaden our reach well into the future. These collaborative initiatives not only help us, but aid an entire global movement towards increased social innovation as well as conscious and sustainable business growth.

Heading off Scandinavian shores to collaborate with our friends at The Value Web in Munich, our CEO Kigge Hvid and Strategy & Partnerships Director Mette Sindet Hansen, took part in a four-day strategy seminar alongside a number of established international entrepreneurs.

The event was facilitated by The Value Web – a Swiss non-profit association of process designers and facilitators that host collaborative engagements for leaders and organisations. According to Patrick Frick, Co-Founder of The Value Web and INDEX: Award Jury Member, their mission is to aid business leaders in their understanding of generating positive change in the world, as well as providing guidance and strategies to get started.

“We’re helping these organisation embrace what we believe businesses should be in the future – to be overall more purpose-led,” explained Frick.

Over the four days, INDEX: Design to Improve Life® – along with Arup, Wittner Ventures, INSEAD Social Entrepreneurship Program, Interpeace and Ernst & Young – worked collaboratively with The Value Web to develop ideas on how to ‘future-proof’ their organisations and generate social good simultaneously.

Prior to meeting in Munich, each firm pitched a number of design challenges to The Value Web. Frick says understanding the context of these challenges was the first step in beginning the transformation.

“In the past it was always about somewhat designing a business to conquer the market or constructing a team who will go out and win everyone over,” he explained.

“now we need to ask ourselves ‘how can we function to go beyond the entrepreneur and the organisation to benefit the greater public?”

“It’s not entirely about solving the problem right away, but first untangling the complexities and understanding all the aspects to take into consideration.”

According to Frick, each of these challenges addressed over the seminar will help develop “the new paradigm for the private sector,” and the overall mission of what The Value Web are working towards.

“The ultimate aim for many is to integrate a circular economy and become more environmentally and socially sustainable,” he explained. There is also a strong need for guidance on community building initiatives and developing new systems of different stakeholders for a more effective way to serve society,”

“When addressing large scale systemic challenges much of it is building a large eco-system around the solution to make the impact as great as possible.”

Working towards this transformation, The Value Web team and the entrepreneurs collectively discussed design processes and solutions, also observing markets for patterns and making various connections. Finally, entrepreneurs identified starting points that best benefit their organisations and their context in global society.

According to Frick, all of these plans should now be in motion at the responsibility of the entrepreneurs.

“We invited people that share our ideology of functioning for a greater good – they have all identified these concrete challenges at hand and are all wanting answers,” he said.

“For INDEX: Design to Improve Life® it’s essential for survival that you always  look ahead – even planning for the next decade.”

“Each organisation arrived with vision, some have already set aside funding and others are beginning to build their teams – they really need to deliver starting from today and we’re excited to see how things unfold.”

INDEX: Design to Improve Life® would like to thank The Value Web and all participants involved. The strategy sessions have empowered us and we look forward to implementing these strategies within our organisations and networks.

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