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Showing posts with the label cultural entrepreneurship

Recruiting Entrepreneurial Leadership

AS MUCH AS NONPROFITS NEED FORWARD-THINKING, entrepreneurial staff leadership, they need it just as much in the board room.  Recruiting for it is not unlike recruiting for entrepreneurship in the CEO -- it requires definition and identification of some key attributes around which conversation and questions can be had. My not-so-official definition of nonprofit entrepreneurship -- be it social or cultural -- is an organization's willingness to shift its perspectives to find opportunities and partnerships in unexpected places, reset old boundaries to expand audiences and, in doing so, use the strengths of its mission to diversify and/or grow income streams.  And woe be the entrepreneurial CEO who doesn't have a like-thinking board to support and advance her efforts. Cultural and social entrepreneurs share some or all of the following attributes:   They see and understand the relevancy of the work and the cultural/social value it provides They can make value connectio...

The New Ventures Think Tank: Why Your Organization Needs One

BRAINSTORMING SESSIONS HAVE A WONDERFUL WAY OF invigorating people.  It's exciting and, yes, liberating to contemplate future accomplishments, even if they're too lofty to achieve.  Cultural organizations are full of creative people with lots of ideas -- big ideas, too -- but few have a structured means of capturing them and funneling them into workable actions.  This is especially true when it comes to developing earned income strategies.  Beyond the typical mix of nonprofit fundraising activities, who's routinely minding the store when it comes to creating opportunities for long-term self-sufficiency beside the director? I recently met with the executive committee and director of an historic site with a massive physical plant.  Almost three-quarters of current income comes from earned income and much of that is from for-profit activities, such as apartment rentals and lease of space to for-profit business.  Their efforts to come up with ideas for income-g...

Cultural Entrepreneurship and the Culture of Bright Ideas

Imagine spending a day thinking and talking about cultural entrepreneurship and what makes a cultural entrepreneur. I got to do that yesterday as part of a grant-funded project to design a new professional development opportunity for mid-career museum professionals. The discussion was wide-ranging and energetic as veteran cultural entrepreneurs questioned, debated and explained their own and each other's approaches to teaching and living entrepreneurship. One fundamental characteristic that all agreed upon was that entrepreneurs -- whether in the cultural, social or business sector -- are always looking for opportunities to capitalize on and to solve problems in ways that will meet and extend mission. As one participant said, "It's about opening doors and windows in the box that is our organization. It's our job to open a window, then open another window, then another." This conversation touched upon some interesting "opening windows" resources tha...