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2013Sector Agnosticism
A post by James V. Toscano Saturday’s HBR e-newsletter has a nifty article, “How to Woo Talent From the For-Profit World.” by Jenny Davis-Peccoud, who heads Bain’s global social impact practice. She leads off with “ Social enterprises and nonprofits increasingly recognize the need to adopt management disciplines used successfully in the for-profit world.” Davis-Peccoud states that the major reason for those with this business training and skill who do change “career lanes” and go into some type of nonprofit work is to follow a passion for social impact. She cites a number of nonprofits that have benefitted from such…
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2013Guest Post – Is It Time For New Terminology?
A post by Jim Thalhuber In a recent Harvard Business Review posting (HRB Blog Network, January 14, 2013), author Deborah Mills-Scofield argues that the historical distinction between “social” and “non-social” businesses, and “purpose” vs. “profit” is artificial and antiquated. Ms. Mills-Scofield cites several examples of companies that “profitably and purposefully balance doing well and doing good,” including Patagonia, Virgin and Cemex. Right on, Ms. Mills-Scofield! And I would add to your list the terms “nonprofit” and “for-profit.”