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Commercial Venturing and the Transformation of America's Voluntary Social Welfare Agencies
62
Citations
10
References
1991
Year
Commercial VenturingPublic WelfareEntrepreneurshipPublic-private PartnershipSocial WorkWelfare EconomicsCommercial VenturesPhilanthropyGreater PhiladelphiaSocial Policy ResearchCommercial SaleHealth SciencesPublic PolicyEconomicsVenture CapitalSociologyBusinessSocial BusinessSocial Policy
This article examines venturing, or the commercial sale of services and products, as a strategy employed by voluntary social agencies to bolster their faltering budgets. It reports the findings of a descriptive study of a population of 101 such agencies in greater Philadelphia. The authors suggest that the increase in commercial ventures by nonprofits is to some extent a by-product of the expansion of government contracting in the social welfare field. They conclude that even when successful, commercial ventures pose significant risks to nonprofit agencies.
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