March 3, 2005

Don't Give Up on Charity-Run Businesses

By Evan Hochberg and Alfred Wise

The scholarly attack on nonprofit business ventures has grown increasingly sharp in recent weeks. The Harvard Business Review's February issue warns that nonprofit groups "should not be encouraged to search for a holy grail of earned income in the marketplace," arguing that "sending social-service agencies down that path jeopardizes those who benefit from their programs -- and it harms society itself, which depends for its well-being on a vibrant and mission-driven nonprofit

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