During testing times, maintaining networks of support is essential. In the current crisis, companies are having to focus on securing themselves economically whilst keeping up with health and safety measures – there’s a lot to think about. However, donor-recipient collaborations are not something that should be put on hold. In fact, the importance of Social value is only heightened – using donor-recipient networks to c0-create innovation and sustain lasting Social Value Partnerships is key to a more fruitful future.
Social change and partnerships create future business opportunities
With every crisis comes some social change, and there will be many organisations that will find those opportunities and use them for positive change. Let this be an opportunity for us all to show how resilience and perseverance via Social Value partnerships can drive us towards a better future.
Whilst current COVID times might be tough, we must focus on the medium and long term future. Companies and grant-makers can utilise this moment for planning and formulating partnerships with charities and social enterprises for mutually beneficial economic and social delivery. Product and service innovations solving societal and environmental problems are the route forwards for future business success. With a well-planned knowledge and resource exchange, recipients can give donors access to very unique insights, data and co-innovation opportunities.
Charities and social enterprises speak to large sectors of public supporters and hold significant information on their beneficiaries. All such information is relevant and could be potential areas of business development for many companies and industries. The longer these parties are in communication, the easier it is to tweak collaboration models so that they continue to thrive, even through change. This kind of back and forth support is essential for the future of our communities, social climate, and economical stability.
Collaboration with the third sector is vital for your staff as well – now and in the future
Charities and social enterprises have vast responsibilities in our society in the areas of mental health, sickness, education, helping the most vulnerable people, and protecting nature, to name a few. The need for these services does not disappear in the grim times, in fact it grows. In most cases, employees and customers of companies are also beneficiaries of charities and social enterprises, which makes it only logical that companies support these causes, thereby enhancing the wellbeing of key stakeholders and supporting their own vitality. We must help each other to help ourselves; this must be the route forwards.
Where one social enterprise might need money contributions, products and services, a charity might benefit from skills-based volunteering. For example in areas of legal, financial, digital and communications.
These are areas where high-level professionals can contribute and really make a difference. Moreover, these kinds of contributions can be done remotely. Many companies are already in possession of products and services that could be of use! Previously low-in-demand stock items can become essential resources for those in need.
So, if your company is looking to the long term, and if making the future of your company better is something you want to act on right now, starting with contributions based on instant need is a great way of getting to know some charities.
Mutually beneficial, Social Value Partnerships are the future. We at whatimpact have devised an automated platform to make finding the perfect partnership easier. Head to our main site to set up a profile, or if you wish to hear more, please book a 30min chat with me.
All the best and be safe!
Tiia Sammallahti
CEO of whatimpact.com
Book a call with Tiia here.
