F(i)unding Your Way: A Managerial Compass for Social Organizations
Type
journal article
Date Issued
2022-01-26
Author(s)
Abstract
Social organizations are faced with an increasing diversification of funders, financial sources, and financing instruments and a growing complexity of funding relationships. They still prioritize social impact over financial returns, but funding considerations significantly influence the way these organizations operate. Existing models to understand the sector do not include this essential component, thus limiting insights and decision-making premises on how to reach as many beneficiaries as possible. Based on previous quantitative and qualitative research, this article conceptualizes the organizational, programmatic, impact, and financing strategies of social organizations and their interrelatedness in a new framework. This could be perceived as a managerial compass illustrating the multiple dependencies social organizations are confronted with. The compass aims at reducing complexity, serving as a tool for social organizations for more effective financial management. The article closes with a call for more analysis on how social organizations manage their multiple bottom line.
Language
English
Refereed
Yes
Publisher
Sustainability MDPI
Publisher place
Basel CH
Volume
14
Number
1396
Official URL
Subject(s)
Division(s)
Eprints ID
265748
File(s)![Thumbnail Image]()
Name
sustainability-14-01396.pdf
Size
580.88 KB
Format
Adobe PDF
Checksum (MD5)
23085fc711b0874b38634cee5511293a