Economics of Mutuality (EoM)
In 2018 Bedford's CEO met with the Mars Corp's Catalyst Group (founders of the EoM Concept) to better understand the concept and how best to adopt them in both for-profit and not-for-profit organizations.
This lead to the first US based commercial EoM summit to be co hosted by the Energy Innovation Center Institute in Pittsburgh late in 2018 (along with sebior leadership of BMW, InBev, BASF, RAS, and several other large multinational corporation). In May of 2019, Oxford University hosted its second EoM summit at the Said School of Business that Bedford's CEO attended as well.
Through these connections, Bedford has become an early adopter of these principals in the private equity world in integral to how Bedford designs, builds, and manages a portfolio of operating assets through their ESG investment strategy.
What Is the Economics of Mutuality?
The Call for a Movement:
The Economics of Mutuality is now evolving into an open movement, proposing a structured approach to help business leaders transform their business models and equipping them with the mindset, skill-set, tools, processes and capabilities to deliver superior value creation for the good of all in scalable ways.
Over the last 10 years, the Economics of Mutuality has been incubated by Catalyst within Mars, Incorporated. Therefore, its development has benefited from the power and investment of a multinational company and its visionary leadership — as well as the capability of Catalyst to engage and collaborate with many world class academics and thought leaders. Deep foundations have been established as a result, in terms of both theory and practice.
However, if business is to become more mutual, the Economics of Mutuality now requires broader adoption and research to truly change the skill-set and mindset of business leaders. No single company, however large it may be, can drive the transformation that is needed. We must work collectively to broaden, deepen and hasten the work of transforming business into being a force for good. This is the work of the Economics of Mutuality movement.
Economics of Mutuality is a robust methodology that embraces the duty and the opportunity for business leaders to reposition the corporation positively, in ways that reflect the changing needs of society and the environment while unlocking untapped growth and value creation opportunities.
Catalyst Senior Director
for External Research
Coauthor of the Completing Capitalism