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Development of a sustainable business model for a third sector organisation in achieving business excellence

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  • Adekunle Sabitu Oyegoke

Abstract

The aim of this study is to develop a sustainable business model for a third sector organisation (TSO) in order to be self-reliant and achieve business excellence. This study was carried out through extensive literature review, a comprehensive case study which is supplemented by analysing the case TSO's internal documents, discussions and interviews with its core staff. The study proposes a mixed business model which is driven by both social and economic values. Three strands of 'convergence business ideas' were suggested and 12 factors toolbox was developed. This study supports the need for reform in TSO's funding portfolios, government support in TSO's capacity building in order for the TSOs to be able to actualise the transformation and need for diversification and internationalisation of their existing services.

Suggested Citation

  • Adekunle Sabitu Oyegoke, 2014. "Development of a sustainable business model for a third sector organisation in achieving business excellence," International Journal of Business Excellence, Inderscience Enterprises Ltd, vol. 7(6), pages 747-770.
    • Handle: RePEc:ids:ijbexc:v:7:y:2014:i:6:p:747-770
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    Cited by:

    1. Sooksan Kantabutra & Prattana Punnakitikashem, 2020. "Exploring the Process Toward Corporate Sustainability at a Thai SME," Sustainability, MDPI, vol. 12(21), pages 1-19, November.

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