Cross-sector partnerships should be built on trust By Thao Lam (*) Thao Lam (2nd, R), executive director at LIN Center for Community Development, poses for a picture with guests at a networking event in 2020 – PHOTO: LIN CENTER "If you want to go fast, go alone; if you want to go far, go together." So goes a favourite African proverb for many of us involved in community development and social impact works. It reflects our philosophy of community philanthropy – in promoting sustainable development through promoting collaboration across sectors. Dealing with social, economic and environmental issues that are often complex and multi-dimensional should not depend solely on any singular force. In fact, it requires involvement and collaborations from various sectors including business, nonprofit and academic experts working together towards a common goal. Cross-sector partnerships can benefit everybody On the surface, nonprofits receive funding or supplies for social innovation, as well as valuable networking opportunities. If they collaborate with a for-profit company, they will have the opportunity to develop a nonprofit marketing strategy and build their reputation. Involving business-minded groups can also assist nonprofits in becoming more organized and actionable in their mission. On the other hand, the greatest benefit… Read full this story
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