India has played a major role in the Child Survival Partnership involving six partner countries, five development partners, five UN agencies, academic institutions and NGOs. Great opportunities for growth and development exist in today's fast-changing global economy, but many poor countries have been left behind, lacking access to new technologies as well as the resources to participate in the globalization process.
Potential exists for companies and NGOs to partner together to improve efficiencies in the value chain that have immense social and environmental benefits.
As NGOs are oftentimes working in areas previously considered market failures, great opportunity exists to remove the barriers that create the environment of �failure� in the pre-competitive space. In this capacity, NGOs can oftentimes serve as the lynchpin to bring uncommon partners together to enable local cluster development.
Think more strategically about partnerships with NGOs, reorienting the NGO relationship from grantee to strategic partner supporting shared value strategies with their relationships, knowledge, and resources.
Fund NGOs to work on concepts that lie on the �shared value frontier� � an idea at the cusp of what was previously considered a market failure that, with some innovation and experimentation, can be solved through a shared value approach.
Work closely with NGOs to evaluate programs, as NGOs are inherently impact-first oriented, and companies can help them evaluate the sustainability of shared value efforts and find ways to achieve their mission in a sustainable way.