Empowering the Beneficiary Through Engagement_ A Business Model for the Future
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Empowering the Beneficiary Through Engagement_ A Business Model for the Future
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This podcast discusses a new and innovative approach to business practices known as empowering the beneficiary, shifting from a traditional top-down model to partnering with stakeholders in a more comprehensive way. The video underlines the importance of including beneficiaries in the product creation process, considering their needs, innovating together, and measuring a business’s positive impact on a community apart from sales. It also emphasizes the necessity of utilizing effective training, skill development programs and promoting inclusive decision-making to achieve this. The insight is that by engaging with beneficiaries, businesses can boost their growth and sustainability, fostering a symbiotic relationship where everyone benefits. The presenter advises businesses to open a dialogue with their beneficiaries as the first step towards effective engagement.
00:00 Introduction to Beneficiary Engagement
00:57 The Missing Link in Modern Business
01:33 Understanding and Engaging the Beneficiary
02:25 Co-creation with Beneficiaries
03:23 Measuring Impact Beyond Profit
04:10 Building Bridges, Not Just Businesses
05:05 Embracing Feedback Loops for Continuous Improvement
06:26 Inclusive Decision Making Process
07:07 Fostering a Culture of Shared Learning
08:31 Training and Capacity Building
09:01 Investing in Human Potential for Sustainable Growth
09:37 Creating Tailored Training Programs
10:23 Skill Building Workshops That Empower
10:55 Leveraging Education Initiatives for Long-Term Impact
11:18 Measuring the Impact of Training and Development
11:44 Incorporating Empowerment into Your Business Strategy
12:25 Creating a Symbiotic Relationship for Business Growth
12:59 Making Your Contribution Count
13:28 Conclusion: The Foundations of a Better Tomorrow