Saijun Zhang
School of Social Work |
Abstract: The Application of Entrepreneurial Financing Strategies in Social Service Nonprofit Organizations
Over the past two decades, the rapid increase of nonprofit organizations has intensified competition for funding sources, which consequently has promoted innovation in financing practices. This study will focus on entrepreneurial financing strategies within social service nonprofit organizations, including strategies of earned income generation and newly emerging fundraising approaches.
Among the research questions to be explored: (a) What types of entrepreneurial financing strategies have been adopted in social service nonprofit organizations? (b) What factors are likely to affect entrepreneurial financing? (c) What are the impacts, positive and negative, of entrepreneurial financing on social service organizations? (d) Has new technology affected social service nonprofits’ fundraising or earned income generation?
No existing research has systematically investigated entrepreneurial financing practices in social service nonprofit organizations. Income generation and fundraising are fundamental for the survival of nonprofit organizations and have become increasingly challenging; a focus on financing strategies therefore provides a critical perspective for understanding the development of nonprofit organizations. Because nonprofit financing strategies have to adapt to the changing environment in a timely manner to allow organizational survival and development, these strategies often reflect the most innovative aspects of nonprofit organizations. Entrepreneurial financing strategies may also bring nonprofit organizations more than money, generating considerable impacts on an organization’s mission, goals and operations. |
