Social Enterprise Development

7 Pages Posted: 30 Apr 2007

See all articles by Bill Shore

Bill Shore

Share Our Strength

Sarah Chiles

New York University

Date Written: January 1, 2006

Abstract

Becoming sustainable or profitable is often the top concern for social entrepreneurs. Management teams of start-ups spend an exorbitant amount of time focused on furthering their business models. However, the social capital markets lack the efficiency of the traditional capital markets, making the process of capital raising a challenge for both nonprofit and for profit social ventures. Concurrently, scarce philanthropic, government and investment dollars have caused nonprofits to innovate new revenue generating businesses to augment their budgets. Nonprofits, struggling to survive in an increasingly competitive landscape, are working to become more efficient by adapting business models to their organizational needs. Trends in philanthropy have also forced the social sector to adapt. Some in the philanthropic sector has adopted venture capital principles to become more highly engaged with their grantees, and they now expect a higher level of performance. This rise of venture philanthropy has forced nonprofits to develop performance measurement tools and improve accountability within their organizations.

As many nonprofits work to become more self-sustaining by diversifying their revenue streams beyond traditional foundation and government support, organizations are creating business ventures and corporate partnerships. This course is designed not only to educate students about the models and practices currently being pursued by these organizations, but also to provide practical tools that foster new innovations in this area.

Keywords: social enterprise, sustainability, philanthropy

Suggested Citation

Shore, Bill and Chiles, Sarah, Social Enterprise Development (January 1, 2006). Available at SSRN: https://ssrn.com/abstract=983155 or http://dx.doi.org/10.2139/ssrn.983155

Bill Shore (Contact Author)

Share Our Strength ( email )

New York, NY
United States

Sarah Chiles

New York University ( email )

Bobst Library, E-resource Acquisitions
20 Cooper Square 3rd Floor
New York, NY 10003-711
United States

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