Private sector engagement (PSE) is increasingly acknowledged in both literature and practice as a necessary mechanism to sustainably address development challenges. Despite increased practitioner and academic interest in these partnerships, there have been negligible attempts to systematically investigate cross‐sector partnerships to distill best practices from the multiple environments in which they are employed. This manuscript presents a robust review of the social science and business literatures on cross‐sector partnerships, yielding an interdisciplinary, evidence‐based framework detailing archetypes of three prominent partnership characteristics (...) of purpose, context, and relationship enablers. This work integrates a wide range of best practices and values pertinent to businesses and society, enabling researchers, practitioners, and partnership managers to characterize and evaluate partnerships systematically. The introduced framework also enables partners to situate and evaluate their partnership activities to optimize outcomes for each partner and impact on the challenge at hand. (shrink)

Determining how to best measure cross‐sector collaboration (CSC) impact and performance has long been a prevalent topic of discussion for both practitioners and researchers. However, there is a lack of consensus in practitioner journals and academic research in how CSC results should be monitored, reported, and evaluated. Using a case study approach, this article describes how to measure the economic impact of nonprofits and CSCs using both granular and broad metrics to better understand how a nonprofit involved in a CSC (...) can impact the regional economy in which it operates. Using the lens of social exchange theory, this study explains how measured results translates into a tangible community benefit via a multiplied economic impact. This study presents a clear framework for measuring and comparing the results of CSCs. The findings show a potential need to take the population of service regions into consideration in order to drive economic impact. In addition to providing an approach to measuring CSC results this work also extends social exchange theory and CSC research into new directions. (shrink)

This article engages the question—what is the right business‐society relationship? We consider three perspectives that seek to address the relationship: corporate social responsibility (CSR), social entrepreneurship (SE), and conscious capitalism (CC). We take a macroapproach considering how commentary about these approaches establishes a direction for corporate practice and its relationship to key stakeholder groups. We argue that these perspectives are ‘D'iscourses that provide arguments for and articulations about the direction of corporate practice and the business‐society relationship. To organize our review (...) of each perspective, and focus our critique, for each we highlight (a) drivers and influencers, (b) core assumptions and defining features, and (c) approaches and exemplars. Although distinct, all emphasize effective business practices as key to meeting social needs. CSR suggests legitimizing business practice; SE relocates business practices; and CC seeks to reimagine/rehabilitate business for social good. Ultimately, we conclude that these Discourses lack a clear communicative focus in terms of decision making within these organizations. We attend to this and other implications, and offer avenues for further research. (shrink)