When decision makers from rule-bending social enterprises come together to discuss realistic solutions to the world's most pressing issues, things are bound to get interesting. That's exactly what happened recently when some 3,000 movers and shakers convened at the Milken Institute Global Conference. The annual gathering of leaders from the world's most innovative companies and important NGOs was attended by the likes of Efrat Peled, Chairman and CEO of Arison Investments, Rick Leach, President and CEO of the World Food Program USA and even former UK prime minister Tony Blair.
At a panel session titled "Collaboration 3.0: Partnering for More than Money," businesswoman and doing good powerhouse Peled spoke of developing countries' governments being very receptive to innovation and change - resulting in fruitful collaborations between NGOs and governments and the private sector. Stressing the importance of companies tuning in to the needs of the local people in order to create sustainable projects, Peled offered some examples from the Arison-owned social enterprise Miya - a water conservation company that operates around the world; Miya focuses on reducing water waste with pipe repair and replacement projects - and with that not only brings water to the people, abut also creates jobs in the local public sector.
Public-private partnerships are playing an increasingly critical role in social good as the corporate world continues to finance projects in fields such as education, water, energy and health care. With this novel approach gaining more steam, it's sure to make the world a better place.
Here's the full video from the panel:
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May 12, 2014