The partnership in between CSR-NGO doesn’t only entertain the financial transaction, but the same goes beyond this financial relationship. Here are a few things that you need to know about the popular CSR-NGO partnership:
A strong partnership relies upon a shared goal:
A common self-interest as well as shared goal form the foundation of the partnership in between CSR and NGO. If the objectives in between both the organizations are aligned, they could easily make it through all the obstacles and this partnership could also go beyond their only objective of raising the funds for the two-fold profits.
CSR helps the NGOs to scale quicker:
When the non-profit as well as for-profit work organizations work together, they always end up creating something bigger and legendary in nature. Thus, the same theory applies to the CSR-NGO partnership. The former understands the shared risk of the latter and hence helps it to scale quicker than any other support.
NGOs aid the CSR with the understanding of social impact:
The corporate and NGO partnership always end up entertaining an improved business understanding in terms of social as well as environmental issues. A recent study has suggested that their business practices following the relationship between both the organizations, have been changed for a better and more productive result.
Communication plays the key role:
Both the sides of a good partnership could create a good communication by the way of transparency and by the way of acting as the critical friend to each-other. A great deal of cultural exchange in between both the organizations help each-other to explore the needs of both individuals and society. A good communication always leads to the results which are more constructive and fruitful in nature. A good exchange of dialogue in between the organizations plays an important role for sure.
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