Revolutionizing the Nonprofit Sector Through Social Entrepreneurship

Michelle J. Stecker

75 citations0/0 files storedJournal of Economic Issues

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Entrepreneurship Studies and Influences Nonprofit Sector and Volunteering Community Development and Social Impact

Abstract

While nonprofit organizations serve the community in significant ways, their heavy reliance on philanthropic and government funding is increasingly not sustainable, especially in the wake of economic downturns. The application of social entrepreneurial principles — including social enterprise activities — can improve the sustainability of the business model of nonprofits, while bolstering management capacity and enhancing mission. This paper argues that the current funding model of the nonprofit sector should be disrupted in order to achieve a greater level of financial sustainability and mission-driven success.

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References

2006Social and Commercial Entrepreneurship: Same, Different, or Both?2008A typology of social entrepreneurs: Motives, search processes and ethical challenges 1980The Role of Nonprofit Enterprise 2007Social Entrepreneurship: The Case for Definition 2004How to Change the World: Social Entrepreneurs and the Power of New Ideas 2005How to Change the World: Social Entrepreneurs and the Power of New Ideas 2008The Power of Unreasonable People: How Social Entrepreneurs Create Markets That Change the World 2012Empreendedorismo social e comercial: iguais, diferentes ou ambos?

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2016Awash in a Sea of Confusion: Benefit Corporations, Social Enterprise, and the Fear of “Greenwashing”2018Social Entrepreneurship and Disability Inclusion in the Hospitality Industry 2020Creating for others: linking prosocial motivation and social entrepreneurship intentions 2019Social Entrepreneurial Orientation in Human Service Organizations: A Scoping Review 2019Before Nonprofit Organisations Become Social Enterprises

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