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Strategic Planning and Management Insights

How to Become a Social Enterprise - Interview with Bob Prenovost

[fa icon="calendar'] October 17 / by Anthony Taylor posted in Strategic planning, Leadership, podcast, Corporate Restructuring, social enterprise

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Bob Prenovost, who is the Managing Principal at Propellor Advisors, joined us on our Strategy & Leadership Podcast to explain the strategic benefits of social enterprises. While we commonly think of a social enterprise as being either a non-profit or a not-for-profit organization, a social enterprise can also be a for-profit company that is committed to a social cause, whether it be for example humanitarian or environmental. Regardless of the sector, Propellor Advisors' mission is to help organizations become social enterprises. 

We asked Bob why organizations might be interested in becoming social enterprises, especially non-profit organizations who might be struggling to retain funding. He explained that government and donor funding is increasingly limited, and not guaranteed, and the continuous search for funding may take more resources and output than income generated in the end. 

GET 15 QUESTIONS TO ASK YOUR TEAM –– STRATEGIC PLANNING QUESTIONAIREBob walked us through ways that non-profit (and for-profits, too) can become a successful social enterprise: 

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