Larger corporations stand to learn from social improvement organizations in how they approach problem-solving and create tangible change: They address some of society’s most difficult issues by tailoring solutions to communities.
More than 600 million people have benefited from social entrepreneurs’ work, be it from gaining access to clean water or finding opportunities to pursue education, according to a report from the World Economic Forum, which convenes for its Annual Meeting this week. “Extraordinary impact has been achieved where the traditional approaches of markets … have failed to empower and include communities,” the report notes.
Organizations understand the structures and interconnectivity of issues in the communities they work in and aim to address them through “contextually relevant models,” rather than from a broad, theoretical perspective, the report says.
It calls this the “decade of delivery” for the SDGs. As more businesses incorporate social positions and impact into their identity and purpose, they have the opportunity to explore alternative models of creating social change, for which local organizations have provided the blueprint.