For Profit or For Purpose

Excerpts from "For Profit or For Purpose"
By Bill J. Harrison
ASSOCIATIONS NOW, February 2006

Association executives considering innovative ways to improve their operations are confronted with, and sometimes confounded by, a plethora of terms and techniques--capacity building, social capitalization, venture philanthropy, social enterprise, asset building, and social philanthropy to name a few. Another business theory that's gaining steam is social entrepreneurship. If you're guessing that it's a hybrid model born of both for-profit and nonprofit sectors, you'd be correct. But what implications does social entrepreneurship have for your organization?

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