Blogs tagged with Growth plan

  • Social Impact Exchange staff
    Posted: June 18, 2014

    New York – Cynthia Massarsky, vice president of Growth Philanthropy Network and the Social Impact Exchange, announced yesterday the naming of the Exchange’s Business Plan Competition in memory of Greg Dees – thought leader, scholar and pioneer in the field of social entrepreneurship. Dees was a founding partner of the Exchange. Recognized internationally for developing social entrepreneurship as an academic field, he was a founding faculty member of the Center for the Advancement of Social Entrepreneurship (CASE) at Duke University’s Fuqua School of Business, and had an exemplary history of teaching and scholarship at Yale School of Management, Harvard Business School, and Stanford University’s Center for Social Innovation.

    “Greg’s vision, conceptualization, frameworks, and published research and findings on the field of scaling social impact have guided our work at the Exchange. His contribution to our organization – and certainly to the field of social entrepreneurship – was extraordinary,” said Massarsky in announcing the new name.

    Also yesterday, an exemplary organization – Friends of the Children (FOTC) – was selected as winner of the Social Impact Exchange’s 2014 Business Plan Competition. The organization was one of three finalists who presented their business plans (with ReThink Health and Tahirih Justice Center) and responded to questions about scaling their initiatives from a panel of expert judges and field leaders.

  • John Gillespie, Veris Consulting
    Posted: May 10, 2013

    This post originally appeared on the Stanford Social Innovation Review's blog. It is reposted with permission.

    Scaling is critical to any nonprofit looking to increase impact—but of course, it is easier said than done. In addition to gaining board engagement around your strategy and building a focused business plan, organizations must secure sufficient capital—funds that they can raise only if potential donors have a clear enough picture of their growth plan and financials to invest with confidence.

    According to a recent study on the state of scaling impact, conducted by the Social Impact Exchange and Veris Consulting, only 24 percent of nonprofits currently scaling have started fundraising and only 42 percent have a growth business plan. When it comes to scaling, many nonprofits are trying to “build the plane while flying,” when a more disciplined approach is required.