The multiplication of not-for-profits
Abstract:It's the sixth largest economy in the world, a US$1.3 trillion industry employing 39.5 million people across the world (Salamon et al. 2003), and it's called the not-for-profit sector.
Dubbed also the ‘third sector’, ‘social economy’ or ‘voluntary sector’, it includes tax-exempt charities, social enterprises and NGOs along with church and voluntary organisations. It is a vast and varied group sharing the aim of putting human values rather than big profits at the heart of its action, using grants and donations, fundamentally, to fuel its projects. And should any money be made, it gets reinvested into the project rather than distributed. So how did the non-profit sector, once regarded as ‘worthy but economically marginal’ (Palmer 1999) become such big business?
Document Type: Research Article
Publication date: March 10, 2006
More about this publication?
- Above the Clouds: A Guide to Trends Changing the Way we Work
Some of us work to live. Some of us live to work. Some of us, by design or default, don't work at all. Whatever your position, as a stakeholder in today's society, there is no avoiding the complex web that is the world of work. Everyone is affected to some degree by issues such as stress and work-life balance, teleworking, offshoring, stakeholder democracy, globalisation -- the list goes on. But, as things continue to change at an ever-faster rate, what can we expect work to look like in the next five, ten, or twenty years? Above the Clouds is the result of a future studies project carried out by the European Foundation for Quality Management (EFQM), a not-for profit foundation that promotes excellence in European business. The project aimed to identify trends that will have an impact on the world of work over the coming decade.
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