From Blue to Green
The author reviews Jacqueline Novogratz's book The Blue Sweater: Bridging the Gap Between Rich and Poor in an Interconnected World and draws insight from the book's in depth presentation of social enterprise.
The author reviews Jacqueline Novogratz's book The Blue Sweater: Bridging the Gap Between Rich and Poor in an Interconnected World and draws insight from the book's in depth presentation of social enterprise.
Vinod Khosla, Silicon Valley venture capitalist, says he used to be an environmentalist, but is now more of a "pragmentalist." In this Stanford Center for Social Innovation sponsored audio lecture, Khosla turns conventional wisdom about what passes for "green technology" on its head. He takes a hard look at how innovations such as hybrid cars and fuel cell buses may, in fact, be exacerbating our problems, and offers concrete, iconoclastic suggestions as to what science, business, and government should be focusing on instead.
By estimating the social return on their investments, funders can deploy their dollars more effectively. To demonstrate the power of these calculations, the authors show how three organizations—the Robin Hood Foundation, Acumen Fund, and the William and Flora Hewlett Foundation—use cost-benefit analysis to evaluate their ongoing programs, choose mission investments, and plan long-term strategies.
The movement to provide capital to social enterprises is gaining momentum.
Funders are calling for more program evaluation, but nonprofits are often collecting dubious data, at great cost to themselves and ultimately to the people they serve.
Large-scale social change requires broad cross-sector coordination, not the isolated intervention of individual organizations.
With an understanding of these 10 funding models, nonprofit leaders can use the for-profit world's valuable practice of engaging in succinct and clear conversations about long-term financial strategy.
Conventional wisdom says that scaling social innovation starts with strengthening internal management capabilities. This study of 12 high-impact nonprofits, however, shows that real social change happens when organizations go outside their own walls and find creative ways to enlist the help of others.
Despite the hoopla over microfinance, it doesn't cure poverty. But stable jobs do. If societies are serious about helping the poorest of the poor, they should stop investing in microfinance and start supporting large, labor-intensive industries.