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Understand why you are investing;
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Plan – A careful analysis and focused approach are mandatory;
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Explore what is available on the market to help you invest wisely: Go through the pros and cons of what’s available in detail, analyze the risk factors and look to invest in something, which will give you the maximum return;
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Appoint a good manager who will take care of the investment.
The same can be said for Social Investment – companies have started to become more strategic in their social investments, aiming to achieve both social and business impact from their CSI expenditure. Gone are the days of the “cheque out”– where money was just handed over to any worthy cause. Nowadays, astute companies want CSI reports indicating (with reference to Trilogue’s measurements):
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Immediate and visible outputs (e.g. no. of beneficiaries, sweat hours, no. food parcels handed out).
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Beneficial outcomes: Specific changes in behaviour, knowledge, skills or wellbeing due to programme interventions (e.g. reduction in adolescent criminal behaviour, increase in numeracy and literacy skills, reduction in childhood pregnancies).
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Beneficial impact: Community, society or system-level changes that are the result of effective programmes (e.g. improved effectiveness of education system).
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Corporate benefits: Recognition of SED expenditure in line with the BBBEE scorecard, and internal and external communication of all CSI activities.
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Stakeholder benefit: Meaningful engagement, with corporate, community and government working together in mutually beneficial relationships.
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Competitive benefit: Project benefits that enhance the competitiveness of the business (e.g. Unilevers current product marketing).
Immediate and visible outputs, corporate, stakeholder and competitive benefits are relatively easy to achieve with the right strategy. However, in my experience, beneficial outcomes and beneficial impact often fall short of all they could be, largely due to what I believe is the absence of the “caring effect”. If we really want to foster community spirit to create change and add our footprint to nation building and a better tomorrow for our country – in the words of Dr Suess: we need to care a whole awful lot more for things to get better.
What is the caring effect?
Ted Kaptchuk, a researcher from Harvard Medical School was able to demonstrate what some medical thinkers have begun to call the “care effect” — when patients feel heard and cared for, their health improves.
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Patients = Beneficiaries
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Patient Symptoms = Apathy; Hand-out/ I am owed mentality; Lack of accountability or low expectations
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Corporate = Hospitals / Research centres
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Corporate employees and CSI manager = Nurses and Doctors
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Treatment = Money / Programmes
What would this genuine care look like within a CSI programme?
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Support, empowerment and beneficiary self-determination
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Building reciprocal relationships
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Showing up and stepping up
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Doing what you say you will do – follow-through
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Communication
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Model and support resilience
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Model self-responsibility for meeting needs, getting your hands dirty, be found in the trenches
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Show appreciation and recognition
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Set challenges and goals
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Build trust and accountability