Getting Social Enterprise Right
|January 31, 2011||Posted by M. P. under Management, Philanthropy||
Norah McVeigh, at the Money and Mission blog, on the Chronicle of Philanthropy website discusses the trend of nonprofits creating businesses to promote their mission and/or help raise funds for their programs. As Ms. McVeigh points out, such an endeavor requires a strong plan and skilled management and should not be merely tacked onto the current responsibilities of executive leadership. Launching a social enterprise with half the effort or half the budget required won’t serve the business or the nonprofit well.
Has your nonprofit taken the leap into social enterprise? What were the results?