The corporate social conscience was on display last month in Davos, Switzerland, where global leaders from business, government, and civil society were assembled for the annual meeting of the World Economic Forum. Hundreds of millions of dollars were committed to public-private partnerships that address the world’s most urgent challenges: climate change, poverty, chronic disease, illiteracy, plastic waste in the oceans, and much more. Unfortunately, after the initial splashy public announcement, most of these sincere and well-intentioned global partnerships are almost certain to quietly fail.
Read FSG's new guide The Social Ecosystem Dilemma — And How to Fix It for actionable steps for companies.
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KEYWORDS: Harvard Business Review, FSG, World Economic Forum