Every year millions of dollars are spent for aiding developing and underdeveloped countries. The archaic concept of philanthropy is still part of the agenda even in large organizations. Giving charities and supporting people by extending financial help is considered as being socially responsible. But is it really being socially responsible? Or probably your charitable activities will unfold many other social and cultural complexities to the society. Do we even try to read between the lines, to make a sequence of problems leading to long-term solutions? Maybe your little act of random kindness will not bring any change but your little act of sensible kindness will definitely make a great difference.
Sarwar Pedawi believes that following conventional wisdom should not be the game plan in today’s world. Our world which is overshadowed by technological advancement brought a whole paradigm shift in our lives. The revolutionary change has substantially impacted the way of living directly or indirectly. So carrying an orthodox attitude does not make difference anymore. The new world order requires the philosophy of thinking out of the box, being unusual and innovative.
New world order
Gone are the days, when spending a few dollars used to be appreciated as a matter of philanthropic approach. Just to add an instance, when human development organizations started distributing free mosquito nets in Africa with the aim of curbing the threat of Malaria. A large number of local sellers had to shut down their businesses due to the massive decline in demand. Thus, the act of philanthropy has been backfired and significantly impacted the economy as a whole.
This gives us a clear indication of how charitable activities are not always helpful. Instead, they could also become the reason of your decline. Therefore, I being an entrepreneurial philanthropist keep stressing over Venture Philanthropy. It is a more sensible approach to fulfilling your social responsibility, in a more responsible manner.
Think out of the box
The term Venture Philanthropy refers to an ad hoc philanthropic approach, which intends to support people in establishing their ventures or start-ups. Venture philanthropy or entrepreneurial philanthropy are the terms used interchangeably for showing your support towards helping people in developing new businesses. Being a part of venture philanthropy does not always require you to write grand cheques. There are different scenarios where you have to respond differently to extend your charitable support.
So it is imperative for you to understand the social issues of the region or group of people you want to address. In some cases by only providing your knowledge and expertise, will also add a great help for the people to grow. Bringing new prospects for the people or creating employment opportunities is way better than extending a financial help. With this premise, you need to first set your objectives about the ways you can help them for long-term growth. Foresee the perpetual impacts you are going to bring into their lives. Read more: Venture Philanthropy by Sarwar Pedawi