One of Harvard Business School’s Working Knowledge articles today discusses the hybrid social enterprise.
“Today, the United States has more than 1.4 million non-profit organizations, and they account for 5 percent of GDP. Annual contributions have grown faster than the economy for years, and experts predict an avalanche of cash ahead. By 2052, an estimated $6 trillion will flow directly to social enterprise organizations. Concurrently, a new generation of business leaders and philanthropists is experimenting with hybrid forms of social enterprises while demanding more transparency and accountability from the organizations they are funding. In Rangan’s view, the sector is poised on the brink of transformation, a topic he enthusiastically expounded upon during a recent interview in his Morgan Hall office.”
I will comment later this week. For now – food for thought.