04 Jun '12, 3am

Transformation of a Charity into a Social Enterprise

Transformation of a Charity into a Social Enterprise

As a charity, Groundwork Pennine Lancashire in the UK faced a constant struggle like many other charities to remain financially solvent. However, today the organization operates as a successful social enterprise, offering services to the private sector and investing the profits into the community. This transformation took place when the organization decided to appoint a leading industry figure as its executive director. Groundwork Pennine Lancashire's traditional strength was in the area of social and environmental sustainability. However, it suffered from the challenges of economic viability. The appointment of a new head brought about a change in the organization's philosophy and work approach. The new head successfully managed to shed off the charity culture of the organization by reducing its dependence on grants and public funding. The organization with its new, comme...

Full article: http://www.justmeans.com/Transformation-of-a-Charity-into...

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