February 17, 2005
'Harvard Business Review': Perils of Charity Ventures
Too many nonprofit groups make the mistake of trying to start profit-making businesses, according to an article in the Harvard Business Review. The article, in the February issue, was written by Jeffrey Bradach and William Foster, who are both top officials at the Bridgespan Group, an organization that provides strategic-planning advice to charities.
Pressure from board members, donors, and others has led many charities to start businesses in the hopes that doing so will
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