Maga Katharina Kronsteiner

Mrs. Katharina Kronsteiner is an executive consultant and coach, managing partner of Metalogikon and a founding member of the Economy for the Common Good certified advisors. She studied Organizational and Social Psychology at the University of Vienna and at the UCLA, Los Angeles. For more than 15 years she was working in global organizations in the area of Human Resources Development and Personnel Management. For more than 5 years she headed the Human Resources Department of a major power generation company.      
Since 2009 she has focused her professional work on Value Management, Innovation and Human Resources. She was the co-organizer of the ‘Conference for Common Good Economy’ (October, 2010) and facilitated the Conference: ‘The Need of Success and the Need of Sustainability’ (May, 2012).

Today she supports companies and organizations by implementing a value oriented approach, accompanying innovation processes and nurturing the idea of co-operation.

Homepage: www.metalogikon.com, www.personalundstrategie.at, www.gemeinwohl-oekonomie.org


“Economy for the Common Good” - an alternative economic approach for companies, communities and the economic system / by Katharina Kronsteiner

The economic system as we face it today imposes its values and goals on our societies and nature, measuring economic ‘value’, achievements and success with monetary indicators and performance data. However, this information tells us little about what is truly essential to our human, the society’s and our planet’s wellbeing. Neither the GDP nor a company┬┤s financial statement is helpful in realizing what we as companies, as societies, as regions, as communities have really achieved. 

The Economy for the Common Good comprises core elements of an alternative economic system which is now being applied to free market companies pioneering this idea of economic paradigm shift. The initiative is an answer to the slogan “There is no alternative”, it offers a concrete path into the economic future. The goal is to establish a new legally binding framework in which new values - namely those supporting the common good - can prosper in a better way.
Numerous entrepreneurs have already come together in order to commonly work on the model while applying it to their day-to-day business and their communities.  The number of supporting companies increased to over 800 in July of 2012 and is growing continuously.

Today’s economic code of values is an expression of prevailing structures, particularly with regard to “competition” and pushing individual interests over others while ignoring the non-monetary impact on humans and nature. One key dimension is the insufficiency of the effort to translate all existing values into monetary values. Money, however, can only facilitate economic activity; its accumulation is not the goal itself. In succession economy is disconnected from human values, technology is disconnected from nature and human beings are disconnected from their emotions.

The Economy for the Common Good is based on those values which nurture and support interpersonal relationships. Market values and social values do not oppose but complement each other. Success is no longer measured with monetary indicators (financial profit, GDP) alone, but by what are utility values: satisfaction of basic needs, good quality of life, communal values etc.
 
Today more than 850 companies from 13 countries support the overall process of the Economy for the Common Good. Various groups have been constituted to support the model such as model editors, scientists, speakers, ambassadors, consultants etc. A growing number of people offer their skills and knowledge in order to contribute to the joint development. Regional support groups emerged in Austria, Germany, Italy, Switzerland, Liechtenstein, Spain, Argentina and Honduras. 

By constantly integrating feedback we readjust the model and continue to do so in the years to come. At the end of this process, economic conventions need to take place, first on a communal level, then on a nationwide level. By popular vote parts of the model shall be anchored into the constitution.

Everyone can contribute to the Economy for the Common Good with their specific skills or interests – either as a company, as a consumer, in a regional activity field, in schools and universities or in residential communities. For more information or to support the movement, see: www.gemeinwohl-oekonomie.org.



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