Working to better foster social change through research, practice, - PowerPoint PPT Presentation

“Working to better foster social change through research, practice, and the education of motivated scholar-practitioners.” Walden University @KimCrayton1 #AntiracistEconomist

We are no longer creating widgets @KimCrayton1 #AntiracistEconomist

Businesses leadership must learn to operate in an information economy but information alone has no inherent value. It's only information that is developed into knowledge that has value. @KimCrayton1 #AntiracistEconomist

To that end, my goal is to democratize business school education so that business leaders anywhere, particularly from marginalized and vulnerable communities, can develop the skills and knowledge needed to build successful businesses @KimCrayton1 #AntiracistEconomist

At the intersection of Theory and Application lies: • Knowledge, • Creativity, • Innovation • And the opportunity to redefine our global capitalist systems without white supremacy @KimCrayton1 #AntiracistEconomist

@KimCrayton1 #AntiracistEconomist

Let’s Define Terms @KimCrayton1 #AntiracistEconomist

Privilege Is About 
 Access @KimCrayton1 #AntiracistEconomist

Underrepresented 
 Is About Numbers @KimCrayton1 #AntiracistEconomist

Is About Treatment @KimCrayton1 #AntiracistEconomist

Diversity Is About Variety @KimCrayton1 #AntiracistEconomist

Inclusion Is About Experience @KimCrayton1 #AntiracistEconomist

Inclusion!== Equality @KimCrayton1 #AntiracistEconomist

Inclusion!== Quotas @KimCrayton1 #AntiracistEconomist

Inclusion=== Equity @KimCrayton1 #AntiracistEconomist

Inclusion=== Experience @KimCrayton1 #AntiracistEconomist

@KimCrayton1 #AntiracistEconomist

Racism @KimCrayton1 #AntiracistEconomist

Racism = race prejudice + social and institutional power @KimCrayton1 #AntiracistEconomist

Racism = a system of advantage based on race @KimCrayton1 #AntiracistEconomist

Racism = a system of oppression based on race @KimCrayton1 #AntiracistEconomist

Racism = a white supremacist system @KimCrayton1 #AntiracistEconomist

Racism Racism is different from racial prejudice, hatred, or discrimination. Racism involves one group having the power to carry out systematic discrimination through the institutional policies and practices of the society and by shaping the cultural beliefs and values that support those racist policies and practices. http://www.dismantlingracism.org/racism-defined.html @KimCrayton1 #AntiracistEconomist

Anti-Blackness The Council for Democratizing Education defines anti- Blackness as being a two-part formation that both voids Blackness of value, while systematically marginalizing Black people and their issues. @KimCrayton1 #AntiracistEconomist

Anti-Blackness The first form of anti-Blackness is overt racism. Beneath this anti-Black racism is the covert structural and systemic racism which categorically predetermines the socioeconomic status of Blacks in the U.S. [globally]. The structure is held in place by anti-Black policies, institutions, and ideologies. @KimCrayton1 #AntiracistEconomist

Anti-Blackness The second form of anti-Blackness is the unethical disregard for anti-Black institutions and policies. This disregard is the product of class, race, and/or gender privilege certain individuals experience due to anti-Black institutions and policies. This form of anti-Blackness is protected by the first form of overt racism. @KimCrayton1 #AntiracistEconomist

@KimCrayton1 #AntiracistEconomist

• Products and services are not businesses. • You cannot manage what you cannot measure • Marginalized entrepreneurs overwhelmingly create jobs for themselves, rather than businesses @KimCrayton1 #AntiracistEconomist

All too often, organizations fail, can’t scale and/or become toxic because their leaders don’t understand that growth requires processes that enable connectedness, innovation and competitive advantage. @KimCrayton1 #AntiracistEconomist

Successful organizations are built on foundations that enable their leaders to turn information into knowledge in order to scale, evolve, and recover. @KimCrayton1 #AntiracistEconomist

The ability of organizational leaders to successfully create and manage operations relies heavily on how well they are at developing these necessary processes. @KimCrayton1 #AntiracistEconomist

When leaders take the time to understand and operationalize their organization’s functions, they avoid common barriers to success while being able to recover more quickly from unexpected events. @KimCrayton1 #AntiracistEconomist

Building a successful organization, with fewer unintended consequences, requires more than a great product or service. It requires leaders being able to give all stakeholders the experiences they want and the ability to manage the process. @KimCrayton1 #AntiracistEconomist

All Stackholders • Those who work for you; • Those who partner with you; • Those who buy from you; • Those who invest in you. @KimCrayton1 #AntiracistEconomist

Going from product/service focused to business model focused takes time, intention, and strategic effort. All are necessary in order to innovate, differentiate, and compete in the Information Age. @KimCrayton1 #AntiracistEconomist

Also, building stakeholder rather than shareholder focused organizations is a proactive approach to addressing inclusion, diversity, safe spaces, and developing a harm reduction perspective. @KimCrayton1 #AntiracistEconomist

When leaders create organizations around well- defined and tested core values, that consider the needs of all stakeholders and have processes in place to monitor progress, they are less likely to discover, at some point in the future, that they’ve been nurturing an exclusionary environment; with unintended consequences. @KimCrayton1 #AntiracistEconomist

@KimCrayton1 #AntiracistEconomist

Process for shifting from products/services focused to business model focused… @KimCrayton1 #AntiracistEconomist

Step 1: Imagine Imagine the ideal stakeholder experience and write it down in detail @KimCrayton1 #AntiracistEconomist

Step 2: Define Define core values AND indicators of success @KimCrayton1 #AntiracistEconomist

Step 3: Apply Apply measurements to indicators @KimCrayton1 #AntiracistEconomist

Step 4: Test Test the indicators with stakeholders @KimCrayton1 #AntiracistEconomist

Step 5: Evaluate Evaluate measurements to determine if benchmarks were met @KimCrayton1 #AntiracistEconomist

Step 6: Standardization Create formal processes based on knowledge gained from evaluation @KimCrayton1 #AntiracistEconomist

Important Considerations • Core values should inform all organizational decisions. • Remember that this is an ongoing process. • The decisions that are the result of this process, should not be seen as immutable or rigid. • Organizational leaders should plan to review whether stakeholder factors have changed at least 2x a year. This will enable them to proactively anticipate shifting needs and plan accordingly. @KimCrayton1 #AntiracistEconomist

@KimCrayton1 #AntiracistEconomist

@KimCrayton1 #AntiracistEconomist

Profit a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something. @KimCrayton1 #AntiracistEconomist

Oppression prolonged cruel or unjust treatment or control. @KimCrayton1 #AntiracistEconomist

Profit 
 Without 
 Oppression @KimCrayton1 #AntiracistEconomist

Instead of mixing capitalism with social justice, what about shifting the lens to capitalism AS social justice @KimCrayton1 #AntiracistEconomist

Democratizing business school education IS a social justice & antiracist movement @KimCrayton1 #AntiracistEconomist

Move from “elite” campuses to Main Street 
 @KimCrayton1 #AntiracistEconomist

Turn business research in action 
 @KimCrayton1 #AntiracistEconomist

Establish harm reduction as an organizational imperative @KimCrayton1 #AntiracistEconomist

@KimCrayton1 #AntiracistEconomist

Guiding Principles: Tech Is Not Neutral Intention Without Strategy Is Chaos Lack of Inclusion is a Risk Management Issue Prioritize the Most Vulnerable @KimCrayton1 #AntiracistEconomist

@KimCrayton1 #AntiracistEconomist