How Social Enterprise Organizations Can Prosper in 2010
Abstract
In 2009, as a result of the recession, nearly all of the social enterprise organizations in the Philadelphia area had to make the tough choices required by tight budgets. But to prosper this year, these groups are going to have to be smart and creative. More of the same just won’t do.
That’s because, as R. Andrew Swinney, President of The Philadelphia Foundation, recently told a number of social enterprise leaders, the hard times are far from over. “Nonprofits really should not be solely depending upon us [foundations] to address their respective financial challenges in 2010. Rather, they need to be more innovative in terms of their own operating models to reduce costs as well as to craft new programming to deliver greater value.”
One organization that is striving to heed the sage advice of Mr. Swinney is the Main Line Chinese Culture Center (MLCCC), a nonprofit with a mission of providing compelling cultural insights about China to all interested area residents. Here are some of the ways that the Center has adapted to these challenging times.
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Copyright (c) 2010 Michael Wong (Author)
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