Shared Value Creation for Sustainability in Not-for-Profit Organisations

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Author(s): Tony Kandaiya (Partners in Micro-Development (PIMD), Australia)and Meena Chavan (Macquarie University, Australia)
Copyright: 2017
Pages: 14
Source title: Handbook of Research on Emerging Business Models and Managerial Strategies in the Nonprofit Sector
Source Author(s)/Editor(s): Lindy Lou West (Griffith University, Australia)and Andrew Worthington (Griffith University, Australia)
DOI: 10.4018/978-1-5225-2537-0.ch002

Keywords: Business Science Reference / Government & Law / Public & Sector Management / Public and Sector Management

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Abstract

The objective of this chapter is to delineate the sustainability problems encountered by not-for-profit organisations and to explore how these challenges can be can be managed through shared value creation by the stakeholders. Case study-abductive research methodology was adopted to explore stakeholder shared values and sustainability. This method of study is especially useful for trying to test theoretical models by using them in real world situations. Findings revealed that the sustainability strategy in not for profit organizations must be a holistic approach. Such an approach needs to build upon value-creation that is integrated to develop social entrepreneurship and create social capital along the three dimensions which includes innovative, proactive, and risk management behavior. This chapter contributes to the shared value with stakeholders to provide a social enterprise pathway for a not for profit organization to achieve long-term financial sustainability while maintaining the core social mission and objectives.

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Shared Value Creation for Sustainability in Not-for-Profit Organisations

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