Do well Do good transformation
We have developed a simple framework with 9 principles to help our clients think through its societal transformation. For us, the most important dimension that the client needs to think through is the value that the product or the service adds to the society – in other words “Am I genuinely helping my customer/client through my products/services without creating negative externalities”.
This framework is adjusted depending on the industry and the client culture.
We have developed a three step process that starts with a diagnosis of your company against our 9 principles of Do Well Do Good. It is followed by a design phase which also integrates the insights and ideas of students - future employees, clients and citizens. The last step of the process is to set up a delivery road-map and delivery engine to implement the transformation.
DO WELL DO GOOD SCAN
- Crystallize your purpose
- Separate those businesses which are good for the company AND good for the society from those you want to get rid off
- Identify organizational issues, operating model and internal processes you want to change
- Executives and students work together to develop ideas, craft “good growth” initiatives from it and then prioritize / sequence them while proposing improvements in enablers (e.g. processes and operating models) to ensure successful execution.
- Formalization of initiatives (cost/ budget, resources, team, leaders, expected impact, KPIs to track)
- Sequencing into a multi phase road-map and transition plan that maintains aspired growth
- Central engine to monitor execution
What is different
It is different from other ESG approaches for two reasons
- While ESG looks at mitigating externalities, the ShARE approach emphasises on the product and services of the company and its utility for the society.
- In addition, ShARE helps its clients to improve their overall performance which is critical to succeed in a societal transformation. In short, we help clients do well and good, not just good (We know it won't work sustainably otherwise)