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What exactly is the new “social economy,” how did it come about, and what are its implications for nonprofit management? In this audio lecture, philanthropy, policy, and technology researchers Lucy Bernholz and Rob Reich explore some possible answers to these questions. Evaluating the changes that the social economy has created, Bernholz and Reich focus on new options that are available for both doers and donors. Speaking at Stanford Social Innovation Review’s Nonprofit Management Institute, the two analyze the impact that this new economy is having on nonprofit management and how social leaders can adapt.
Using a social return on investment framework, organizations can estimate the future impact, cost, and scale of programs before they begin, and allocate resources for greater impact.