In initiating the public examination of its flaws, and in working with an organization like Verite, Nestle has already gone a more honorable and transparent route than other companies have done. But while it has taken the first step towards being a more responsible company, Nestle's commitment to funding a long term strategy -- and how it pushes beyond the inevitable road blocks ahead -- will determine its ultimate footprint and legacy.
Kelly and I embarked on our first endeavor in early November, partnering with Musana Community Development Center in Iganga, Uganda. Our goal was to introduce new designs that utilize local resources and create products that would provide a greater profit margin that would, in turn, create more jobs locally.
Within portfolios, philanthropy can reward more entrepreneurial approaches to public-private partnerships, cutting-edge technology, cross-sector data and civic engagement. And it can leverage a modern toolkit, including social impact bonds and other innovative financing mechanisms, impact investing and outcome-focused partnerships with civil society, government and industry.
In the startup world, Eric Ries has helped push forward the notion that the goal of a startup is to learn as much as possible, as quickly as possible. In fact, it's my very favorite definition of a startup. As a social entrepreneur, so too is your job to learn -- not just about your organization but also about yourself as a leader.