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Blog | Exchange
posted by MPirron on 11/26/2007 1:36 pm |
Innovative Hybrid social venture model - Impact Makers |
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Last year I founded a rather unique social venture (Impact Makers) based in Richmond, Virginia. I think our model is fairly unique in that it is based on a corporation's mission to maximize profits in order to maximize "community stakeholder value" rather than the traditional "shareholder value" - but the corporation competes in the free market. Specifically, Impact Makers is a “social venture” operating in the management consulting space, and I believe is truly unique in that it: - Provides professional services (currently focused in healthcare) at market prices - Competes with other firms to win business - Pays market salaries to its professionals - Is a nonprofit structure with books open to the public - Contributes all profits to community organizations (and consulting time) For a brief overview of our organization, you can visit our website at: www.impactmakers.org I would greatly welcome any thoughts on our model generally, and whether you know of similar models out there? I look forward to hearing back from you. - Michael |
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