February 3, 2005
One Business Maxim to Avoid: 'Going to Scale'
The application of business concepts in nonprofit groups offers proof of the old adage that a good metaphor frees the mind, then imprisons it. Over the past decade, many principles borrowed from corporate management, venture capital, entrepreneurship, and investment-portfolio management have been grafted onto the work of foundations and nonprofit groups. Those new ideas have stimulated a considerable amount of innovation, such as venture-philanthropy funds, social entrepreneurs, grants aimed
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