BSR Insight | Making China’s Philanthropic Sector Strategic
As part of BSR's three-year CiYuan (China Philanthropy Incubator) initiative, we recently hosted a roundtable with the Cisco Foundation, which convened leaders from Chinese foundations, NGOs, academia, and government to discuss how to strengthen corporate and foundation support for NGOs in China.
The following best practices discussed at the meeting can help companies transform their philanthropic strategy from one that is reactive to one that is proactive and strategic:
- Align goals by clearly articulating your philanthropic vision to your NGO partners.
- Apply the best strategies from the private sector to development objectives by sharing your business thinking, models, and disciplines with partners.
- Establish a competitive partnership-selection process so that you understand all partners' strengths and weaknesses and leverage a combination of their assets.
- Dedicate resources to managing partnerships and building partners' capacity.
- Invest in innovations that promote replicable, sustainable, and scalable solutions that have widespread impact.
For more information on how you can join the CiYuan initiative, contact Pei Bin.
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