Nvp Reserach Essay

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V Common Characteristics of Successful Nonprofit Organizations/Social Businesses Commitment to Mission - Impersonate business strategy around the main objective - Employees must be committed and strongly support the cause - Passion, Mission, Vision Strong and Positive leadership -Strength and positive attitude are two issues - Strength( encouragement instead of controlling/manipulating - Positive ( leads the group in a positive manner Financial Responsibility - Responsible for financial gains and handle donated income with care - Make the money work efficiently and effectively Community Connection -Connecting with the surrounding community or the community at large - Without community involvement organizations die -Government or businesses support Linking value to customer to Social value (providing double incentives) - giving benefit to customer while promoting the social value - Ex. SOS or charity events Self Sustaining - Continuous cash flow and return on investment - Not rely solely on grants/investors - Innovation and/or expansion Combine entrepreneurial practices with social practices -Rely on people who are committed and supportive of cause i.e. volunteers -Incorporate the social value into the business models More info: http://voices.yahoo.com/common-charateristics-successful-nonprofit-organizations-6367212.html http://www.imasocialentrepreneur.com/keys-successful-social-entrepreneur-movement/ http://www.socialnomics.net/2012/07/03/the-10-greatest-social-entrepreneurs-of-all-time/ PEST Factors Political factors -Many governments in Africa are politically unstable (wars, corruption, civil wars, uprising) which can be a potential threat to business -Businesses need to be protected under government law (law enforcement and

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