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Posts tagged Fast Company

Civic Consumption: What It Is and How You Can Do It.

Oct22
2012
Brian Minter Written by Brian Minter

At First Book, everything we do is focused on putting new books into the hands of kids in need; that’s the big idea. But there are some other important ideas that go into that.

One of these is the concept of ‘civic consumption’. If consumers, as a group, make buying decisions that support socially responsible and sustainable business practices, companies will respond to that pressure by changing how they do business.

Kyle Zimmer, First Book’s president and CEO, explains this idea in a new article on Fast Company’s Co.EXIST blog:
Kyle Zimmer, president and CEO of First Book, on civic consumption

[T]oday’s customer has a much more nuanced set of concerns that they are looking to address with their purchasing power. In addition to low price and high quality, today’s consumer wants to know how the goods are sourced, whether the manufacturer was fair to labor, what the environmental footprint is, and if the company is a good corporate citizen. The social sector has driven the cause of consumer consciousness to a level that is unprecedented, and very healthy for the marketplace and for the world.

Civic consumption takes this one step further, allowing those conscious consumers to band together their purchasing power and leverage that demand to ensure producers provide socially and environmentally beneficial goods and services at competitive prices

This approach is critical to how First Book works, especially in the First Book Marketplace, where we make a wide range of high-quality children’s books (and other resources) available to the schools and programs in our network.

As Kyle explains, the Marketplace is a great example of civic consumption in action.

  • The schools and programs in our network lack the funds of their more affluent peers, so companies have less incentive to cater to their needs.
  • But when 35,000 of them band together through First Book, the publishing industry sits up and takes notice.
  • By coming together, they are able to get quality books at prices well below retail.

Award-winning, high-quality books on the First Book MarketplaceAnother benefit? The publishing industry is much more willing to create the kinds of books these programs need when we can show them 35,000 potential customers; books like bilingual versions of award-winning titles, and “high-interest, low-level” books (titles that are written at a lower reading level for kids who are behind, but still focused on topics that will interest them; an eighth-grader reading at a third-grade level won’t become a strong reader if we can only offer him books about third-grade topics).

First Book’s success — we’ve distributed almost 100 million books over the past twenty years — is proof of the strength of this idea, and, as Kyle writes in her piece, the more we support this way of thinking, the better off we’ll be:

The rise of civic consumption will not only push businesses that are stuck in traditional thinking, it will also promote the development of hybrid companies that will thrive in the civic consumption marketplace.

Consumers are looking for a reordering of corporate priorities that is real and lasting, and the economy needs this kind of dynamic change.

Posted in Book Recipients, Books & Reading, Kyle Zimmer, Marketplace, Social Entrepreneurship - Tagged civic consumption, Co.EXIST, First Book, First Book Marketplace, Kyle Zimmer, Social entrepreneurship, Will Byrne

How We Can Change the World by Buying Things … Together

Jun29
2012
Brian Minter Written by Brian Minter

A single consumer isn’t able to change much about how a given company does business. But when thousands of customers join together and speak with a single voice, corporate leaders pay attention and make changes – whether it’s revising business practices, yanking advertising or offering new products or services.

This idea, the power that comes from aggregating consumers, may not seem important to a nonprofit, but it’s actually at the heart of what First Book does.

First Book provides new books to children in needThe problem we’re working to solve is the lack of access to books and educational materials for kids from low-income families. The schools and programs they attend usually don’t have the resources to buy new books, and neither do their families. So these kids miss out on the single most important thing they need to become strong readers and successful students. And many of them lose their chance to become the scientist, engineer, electrician, doctor or teacher that they have the potential (and desire) to become. When that happens, we all lose.

And the private sector loses too. The publishing industry loses money because those children can’t buy books, and they lose future customers because those children never become readers.

But … if we can bring enough teachers and program leaders together, we can pool their limited resources and create a new, untapped market for the publishers. Not to mention creating future customers, and – most crucially – a stronger, better-educated society for everyone. Everyone really does win.

There’s an excellent piece by Will Byrne, co-founder of the nonprofit Groundswell, in Fast Company’s Co.EXIST blog describing this phenomenon:

With purchasing power, we can help business leaders to deliver social benefits while also meeting their bottom line, creating local markets that reward those who do. People, given a path that does not set them back economically, will make choices as consumers that do good for their world. And, just as important, business leaders will as well.

It’s a good idea, right? It’s also what First Book is all about.

First Book provides new books to children in need(In the piece, Byrne recognizes First Book’s president, Kyle Zimmer, and her contributions to this important way of thinking. But that just proves that he’s on the right track.)

That’s why, when we meet new teachers and community leaders, and tell them to sign up with First Book to get new books, we make the point that the more groups we connect with, the more books we’ll be able to get them, at lower cost.

It sounds like magic, but it’s actually simple. First Book exists to aggregate the purchasing power of the hundreds of thousands of Title I schools, mentoring programs, food banks, homeless shelters and church groups that work with kids in need, and our power to make change grows as we grow … together.

Posted in Book Recipients, Books & Reading, First Book Partners, Kyle Zimmer, Marketplace, Social Entrepreneurship - Tagged change the world, First Book, Kyle Zimmer, one book at a time, purchasing power, Social entrepreneurship, social impact, Will Byrne

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