5 ms·
> like virtually any other mature business That's the problem. A non=profit is not a "mature business" because it's not a business at all. In fact, in most non
by caseysoftware 9y ago
> like virtually any other mature business
That's the problem. A non=profit is not a "mature business" because it's not a business at all. In fact, in most non-profits any effort to "run it like a business" will be met with opposition. Once again, for evidence look at any government agency, budget, etc.
But even if it was a "mature business" the idea that any organization knows when and how to cut costs after its past its prime is dubious at best. For evidence, look at any company bankruptcy. Their costs outpaced their revenue and they didn't react fast enough or in the right ways.
And that's assuming there were "right ways" to react.
- count 9y agoIt's a Non Profit Corporation - it is a business, but a business who's job is not to return value to shareholders, but to server the public good. As far as cutting costs and institutional maturity: sure, your all look at any company bankruptcy. You can also look at the millions and millions of non-bankrupt companies, and realize that you're overgeneralizing.
- caseysoftware 9y agoOnce again, I'm talking about the time after a company starts to lose.. and the time it takes them to "correct" if there is a "correct" path. Or as the top commenter put it "the institutional imperative" - https://news.ycombinator.com/item?id=14287430 https://news.ycombinator.com/item?id=14287430 - as described by Warren Buffet.
- Arizhel 9y ago>but a business who's job is not to return value to shareholders, but to server the public good. Is this some kind of Freudian slip?
- count 9y agoNo, it was a typo.