Benjamin Riley, executive director of Deans for Impact, explains the principles of deliberate practice and why they matter for educator preparation. Practice with Purpose articulates how to strengthen teacher candidate and early career teacher development—learning that can be applied by residencies, traditional, and alternative models of preparation. With a heightened focus on preparing teachers to better serve students, communities, and districts, it is incumbent upon teacher preparation programs to integrate theory and practice, and place practice at the center of teacher training.
By Jed Emerson Oct. After decades of promoting the vision that capital should be managed with more than financial consideration alone, actors within sustainable, responsible and direct impact investing are now seeing their agenda embraced and advanced by mainstream financial institutions and investors.
Some in our community appear to be confusing size with effectiveness, new eyes with true insight and knowledge with wisdom. In doing so, we may find the degree of clarity and perspective required to take our work simultaneously deeper and yet higher, to rise to our greatest potential as opposed to simply capture yet one more commercial market opportunity as we build the brand of Impact Investing.
The book explores a wide variety of aspects of our current and historic journey. This excerpt describes the implications of our understanding of the purpose of capital for how impact investors are called to act in the world.
His understanding of capital as freedom is correct but hindered by being couched only in individualist, economic terms which we know is simply a construct, so we may critique it as such and add to it not only economic considerations but social and environmental ones as well.
More than economic principles and consideration drives capital. It is fuel and energy, a flow that when constricted is limited and inhibited from attaining its full freedom and value creation potential. It may be restricted to a single portfolio and set of practices and grow on economic terms but will never fulfill its real potential when understood on financial terms alone.
A strictly economic knowledge of the purpose of capital is, by definition, one that will underperform its real potential.
The most prominent economists until this century, including Francois Quesnay, Adam Smith, John Stuart Mill and Karl Marx, have been engaged as much in moral philosophy as in detailed economic affairs. In this century there has been a dangerous narrowing of the scope of textbooks on economics, so that very little of the normative philosophical basis of the field is left.
Economics is dried up.
We are left with a kind of flat country of factual quantitative considerations, with no deep canyons or impressive mountain peaks to admire. The values we embrace may manifest in a variety of forms as moderated by a democratic process—which, in its purest form, is our expression of and experience in community.
Spinoza views his social contract as continually up for renegotiation, in the same way, the previously referenced impact term sheets outline specific conditions upon which each investment of capital is to be managed, deployed and its performance assessed. Within this framework capital becomes that fuel of freedom upon which individuals, organizations, and society each may draw.
And, as previously referenced, Friedman also stated that concentrated power is not rendered harmless by the good intentions of those who create it. For impact investors, we are called to reflect on those words and challenge the systems of finance working to consolidate wealth, extract value from community and planet, and inhibit individuals from realizing their potential and freedoms as healthy, fulfilled members of our communities and diverse ecosystems.
We must also acknowledge that if we are going to engage in impact investing and operate within a framework of individual lodged within community and planet, we must ask: How do we get there?
Some claim it inappropriate to combine politics with investing, but this is farce. To take no position is to endorse the present status quo; not to vote is to vote in favor of the current order, just as not to discuss the politics of capital is to affirm its present form and use in our world.Global Impact invites you to come and live your life on mission with us as we serve locally and globally.
No matter who you are, there is a way for you to get involved and make an impact . Purpose identifies noble goals and impact represents the outcomes of actions completed to achieve those goals.
Service is the link between the two; it is “walking the walk.” It is often said that internal auditors should “know the business” to be as effective as possible, and there is no question it is important to establish credibility. From Purpose to Impact was published in the May edition of Harvard Business Review and outlines what it looks like to find your individual purpose and use it to drive great results - impact - in all aspects of your work and life.
Download a copy of the article. A purpose-driven company, as Deloitte defines it, is one that has "an important objective that creates meaningful impact for stakeholders"--those stakeholders being customers, employees, their. Purpose-driven marketing doesn't just impact your customers.
It also redefines your business as a whole. When you find a cause to stand behind and are willing to make it part of your brand narrative, you'll discover that it changes the people who are interested in working for your company and the people who invest in it, as well.
PURPOSE-TO- IMPACT PLANNING Uses meaningful, purpose- infused language Is focused on strengths to realize career aspirations Elicits a statement of.