Should Bankers Learn From The Voluntary Sector?
Source: City University of London (Cass)
It is often said that the voluntary sector needs to become more businesslike, but perhaps businesses have equally as much to learn from the voluntary sector? Leaders of voluntary organisations are quite often faced with far more complex stakeholder issues than those that can be found in other businesses. They may be dealing with a mix of a few paid staff and many volunteers; they typically receive funding from a blend of sources including local government, primary care trusts, Government department "Initiatives", trust funds, legacies and public donations; this funding is often short-term and very uncertain; they too have demanding clients, often difficult to turn away; there is usually a small management team to deliver the short-term, as well as fighting to secure a medium-term.