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What is Philanthrocapitalists

Encyclopedia of Organizational Knowledge, Administration, and Technology
New generation of philanthropists who (unlike earlier generations of philanthropists, who focused on funding third party initiatives) are creating and actively managing their own ventures, using their access to the global elite to assume a direct role in global governance; crucial agents in anti-trafficking efforts.
Published in Chapter:
What Can Organizations Do to Combat Human Trafficking?
Laura Dryjanska (Biola University, USA)
DOI: 10.4018/978-1-7998-3473-1.ch063
Abstract
This chapter discusses the current topic of human trafficking in the context of organization management and corporate social responsibility. First, human trafficking is defined, presenting the scope and various forms of modern slavery, with a special emphasis on labor trafficking. Second, the chapter sheds light on some ways in which organizations may combat human trafficking, within the framework of prosecution of traffickers, protection of victims, prevention of the offense, and transformative partnership. In particular, effective management of a supply chain constitutes a way for organizations to engage in fighting modern slavery, not only in line with the corporate social responsibility, but also in fulfillment of national legislation imposing mandatory requirements onto companies to disclose information about labor issues in their supply chains. Third, some examples from different types of organizations in diverse cultures are presented, emphasizing how such efforts fit with the missions and visions of these philanthrocapitalists.
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