F(i)unding Your Way: A Managerial Compass for Social Organizations

Jessica Aschari-Lincoln and Barbara Scheck
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Jessica Aschari-Lincoln: School of Management, University of St. Gallen, 9000 St. Gallen, Switzerland
Barbara Scheck: Entrepreneurship, Munich Business School, 80687 München, Germany

Sustainability, 2022, vol. 14, issue 3, 1-14

Abstract: Social organizations are faced with an increasing diversification of funders, financial sources, and financing instruments and a growing complexity of funding relationships. They still prioritize social impact over financial returns, but funding considerations significantly influence the way these organizations operate. Existing models to understand the sector do not include this essential component, thus limiting insights and decision-making premises on how to reach as many beneficiaries as possible. Based on previous quantitative and qualitative research, this article conceptualizes the organizational, programmatic, impact, and financing strategies of social organizations and their interrelatedness in a new framework. This could be perceived as a managerial compass illustrating the multiple dependencies social organizations are confronted with. The compass aims at reducing complexity, serving as a tool for social organizations for more effective financial management. The article closes with a call for more analysis on how social organizations manage their multiple bottom line.

Keywords: social finance; nonprofit management; nonprofit funding; social enterprise (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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