There has been an ongoing intellectual revolution concerning economic and development policies for the emerging world. Interestingly, this revolution is in fact driven and played out by the emerging world itself.
It wasn’t long ago that “CSR” was a CEO’s insider reference to a company’s charitable gifts, often to bolster its image and the bottom line. Today, Corporate Social Responsibility—sometimes dubbed philanthropy, corporate giving, and more recently “social entrepreneurship”—is as central to employee engagement as it is to public relations.
“In 2020, 40 percent of people will be working for themselves.” Howard Tullman, the CEO of 1871 threw out this statistic during a recent panel discussion on “Collective Entrepreneurial Creativity” held by The Executives’ Club of Chicago. Although many recognize the changing landscape of today’s workforce, what does it really mean? Is “collective entrepreneurial creativity” the future of innovation?
In the months to come, I am sure there will be ample analysis of the role that social media played in Hong Kong’s pro-democracy protests. However, what follows here is a view of what it has meant for me, as someone born and raised in Hong Kong but now living in London.
A new report, released by the World Economic Forum this summer, in collaboration with the Boston Consulting Group, titled “Connected World: Hyperconnected Travel and Transportation in Action” forecasts the future of changing global travel. According to the report, the lack of private sector cooperation, bipartisan consensus, and global standards currently hinder the progress of seamless travel and transport. The report notes four key areas that can help to overcome this difficulty through the integration of technology we already have, future traffic management systems for major metropolises, a modernized visa, advanced airport security and border control processes, as well as high-tech logistics optimization.
It is increasingly clear that Millennials are re-imagining the philanthropy landscape. Derrick Feldman, in his research into The Millennium Impact, found that Millennials are expanding the traditional definition of philanthropy, that of giving time, talent, and treasure, to also provide a voice and network for the causes they adopt. In the context of such holistic agency, philanthropy has become an essential part of how Millennials connect and create value for their causes.
The Accidental Admiral: A Sailor Takes Command at NATO is a memoir of Admiral James Stavridis’s experience as NATO’s supreme allied commander. The first half of the book is essentially a chronological account of his experiences as NATO’s military leader, from learning of his appointment from Secretary Robert Gates to navigating through the crises that faced Adm. Stavridis throughout his tenure—everything from managing NATO operations in Afghanistan, the intervention in Libya, the Syrian civil war, and more.
Non-profits as we have known them for the past few decades are soon becoming obsolete. With the emergence of social entrepreneurship and technological advancements such as crowdfunding, the field of non-profits has become a viable career option for young entrepreneurs to tackle global social issues by using innovative and non-traditional operating models. Likewise, philanthropy, their main source of funding, also must adapt to the times. The traditional methods embraced by philanthropists and foundations that are often marred with bureaucracy no longer serve the demands of the 21st century non-profits. They need to shift from conventional program-oriented and aid-based funding to capacity-building investments and grants, enabling non-profits to innovate and achieve sustainability.
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