This post was originally published on FHI Partners.
According to Peter Drucker, the noted management theorist, “The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday’s logic.” When I reflect on my time working with private-sector organizations, government agencies and international nongovernmental organizations — all of which were focused on solving global human development challenges — I recall the common refrain that “we can’t do it alone.” Only by working together do we stand a chance to eradicate poverty and promote prosperity. But sentiment alone is not enough.
The promise of partnerships has resulted in an active body of work focused on facilitating public-private partnerships and devising private-sector engagement strategies, with the Sustainable Development Goals at the center of this dialogue. Specifically, private-sector involvement is increasingly called upon to drive global socio-ecological change. The increasing overlap between development and commercial challenges provides fertile ground for robust collaboration. However, we need to move beyond the announcements, handshakes and high-level dialogue.