"If you can't measure it, you can't manage it." This common piece of advice from the business world is starting to take hold in the nonprofit/social-e sector, and for good reason. Many nonprofits in the past have existed without knowing or sometimes even trying to quantify the impact they create through their programs. The tide is turning, though, because more foundations and other sources of funding are developing internal metrics for evaluating their investments. This, in turn, is being quickly adopted by social enterprises because it helps them understand what's working, where they need to improve, and how to prove that they are indeed solving the problem in their mission.
No readings for next week. Students are advised to use whatever authoritative sources and statistics they can find to make their case. No, Wikipedia does not count, but if Wikipedia's sources at the bottom of the page are good, they can be used instead.
Next week's class will focus on the organization structure and revenue models available for social enterprises. Should one choose a for profit model over a nonprofit model? This question and many others are the primary focus of next week's class.
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