Next Article in Journal
Continuous Anaerobic Co-Digestion of Biowaste with Crude Glycerol under Mesophilic Conditions
Next Article in Special Issue
Assessing the Economy for the Common Good Measurement Theory Ability to Integrate the SDGs into MSMEs
Previous Article in Journal
The Paradox of Informal Settlements Revealed in an ATLAS of Informality: Findings from Mapping Growth in the Most Common Yet Unmapped Forms of Urbanization
Previous Article in Special Issue
Do Stakeholders Modulate Philanthropic Strategy? Corporate Philanthropy as Stakeholders’ Engagement
Article

Alliances between For-Profit and Non-Profit Organizations as an Instrument to Implement the Economy for the Common Good

Business Administration Department, Faculty of Economics, University of València, Tarongers Av., 46022 València, Spain
*
Author to whom correspondence should be addressed.
Sustainability 2020, 12(22), 9511; https://doi.org/10.3390/su12229511
Received: 29 October 2020 / Revised: 11 November 2020 / Accepted: 13 November 2020 / Published: 15 November 2020
(This article belongs to the Special Issue Sustainable Economy for the Common Good)
The model of the Economy for the Common Good (ECG) has cooperation as one of its main principles. This alternative economic model proposes to prioritize cooperation over competition to favor the creation of social value. From this point of view, strategic alliances between organizations can be used as an instrument that supports implementation of the ECG model. In recent years, alliances between for-profit and non-profit entities have been strengthened as a method to facilitate actions focused on social responsibility and sustainability. Moreover, the ECG model has become an adequate management framework for corporate sustainability. This work aims to connect alliances between for-profit and non-profit organizations with the ECG model. First, this connection is manifested in a theoretical way. This paper is going to analyze how such alliances can contribute to increasing the values of the ECG model: human dignity, solidarity and social justice, environmental sustainability, and transparency and codetermination. Afterwards, this work analyzes two cases of this type of alliance—Grupo Vips-Fundación Hazlo Posible and Danone Foods-Grameen Bank—to determine the benefits that this type of cooperation can provide to society. We study their motives and the benefits that they bring to the organizations and the community. Therefore, this work assesses how these types of alliances influence the different topics included in the Common Good Matrix. Moreover, we conduct a comparative analysis between both cases. This work demonstrates that, by implementing this type of strategic alliances, the creation of social value is favored, thus contributing to implementation of the ECG model. View Full-Text
Keywords: economy for the common good; cooperation; strategic alliances; sustainability; shared value; non-profit organizations economy for the common good; cooperation; strategic alliances; sustainability; shared value; non-profit organizations
MDPI and ACS Style

Talavera, C.; Sanchis, J.R. Alliances between For-Profit and Non-Profit Organizations as an Instrument to Implement the Economy for the Common Good. Sustainability 2020, 12, 9511. https://doi.org/10.3390/su12229511

AMA Style

Talavera C, Sanchis JR. Alliances between For-Profit and Non-Profit Organizations as an Instrument to Implement the Economy for the Common Good. Sustainability. 2020; 12(22):9511. https://doi.org/10.3390/su12229511

Chicago/Turabian Style

Talavera, Carmen, and Joan R. Sanchis 2020. "Alliances between For-Profit and Non-Profit Organizations as an Instrument to Implement the Economy for the Common Good" Sustainability 12, no. 22: 9511. https://doi.org/10.3390/su12229511

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop