A Quote by Ethan Zuckerman
Increasingly, I'm inspired by entrepreneurs who run nonprofit organizations that fund themselves, or for-profit organizations that achieve social missions while turning a profit.
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While many in the social enterprise space often qualify themselves as 'non-profit,' these organizations should instead treat themselves as 'for-purpose.' These organizations should focus on their mission to create social good, while still treating themselves with the same commitment to rigor and discipline as the best for-profits.
Social-sector organizations have to be better managed than for-profit organizations... because they have no margin of error.
Non-profit organizations think like non-profit organizations. That's the problem.
One of the things that I realize is that if you look at big business, I mean, they - and what they fund and what they do, they don't really - they don't fund the small non-profit community-based organizations that really are out there on the front lines helping people. They fund the big philanthropies. They're safe.
Look at all of the out-of-wedlock births that are going on, particularly in our inner cities. I have been speaking at a lot of the non-profit organizations that support organizations that support these women so that they don't have an abortion, so that they have the baby.
We need to reverse three centuries of walling the for-profit and non-profit sectors off from one another. When you think for-profit and non-profit, you most often think of entities with either zero social return or zero return on capital and zero social return. Clearly, there's some opportunity in the spectrum between those extremes. What's missing is the for-profit finance industry coming in to that area. Look at the enormous diversity of the for-profit financial industry as opposed to monolithic nature of the non-profit world; it's quite astonishing.
Despite the array of groups and organizations working on global warming, we are still missing a key element: the movement. Along with the hard work of not-for-profit lobbyists, environmental lawyers, green economists, sustainability-minded engineers, and forward-thinking entrepreneurs, it's going to take the inspired political involvement of millions of Americans to get our country on track to solving this problem.
Competing companies evolve toward efficiency as the more efficient ones profit and expand while those who fall behind fail. And companies being efficient and profiting under the Health Impact Fund, this is exactly what we want, because the company's profit is directly driven by the health impact its registered products achieve.
Well, years and years ago, I started to ask myself three very simple questions, which dominated my life for many years. One of them was, "Why are organizations everywhere, whether commercial, social, or religious, increasingly unable to manage their affairs?" The second question was, "Why are individuals throughout the world increasingly in conflict with and alienated from the organizations of which they're a part?" And the third was, "Why are society and the biosphere increasingly in disarray?"
...only liberal organizations are clearly designated [in the press] as "nonpatisan, nonprofit." Non-liberal research organizations are always identified as "right-wing" or "conservative."
Many entrepreneurs embrace profit-making and charitable purposes. Companies such as shoes seller Toms and eyeglass firm Warby Parker sell products at a profit with a pledge to devote part of their earnings to the needy. The number of for-profit businesses with a built-in charitable dimension has proliferated.
Our Government understands that local, community organizations are essential in addressing social issues like economic development, poverty, education and integration in Canadian communities. The Community and College Social Innovation Fund will connect the innovative talent of researchers and students at colleges and polytechnics to meet the research needs of local community organizations to build stronger, safer, healthier communities.
Millennials want to work for organizations that prioritize purpose as well as profit. It's as simple as that.
I believe that it is the responsibility of everyone in corporate life to help with the funding of non-profit organizations.
Profit is vital to human well-being. Profit is the payment to entrepreneurs just as wages are payments to labor, interest to capital and rent to land. In order to earn profits in free markets, entrepreneurs must identify and satisfy human wants and do so in a way that economizes on society's scarce resources.
The real development I've seen of people in organizations, especially in big ones, comes from their being volunteers in a nonprofit organization - where you have responsibility, you see results, and you quickly learn what your values are. There is no better way to understand your strengths and discover where you belong than to volunteer in a nonprofit. That is probably the great opportunity for the social sector - and especially in its relationship to business.
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