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How Nonprofit Organizations Manage Risk

In: Paid and Unpaid Labour in the Social Economy

Author

Listed:
  • Dennis R. Young

    (Georgia State University)

Abstract

The purpose of this essay is to identify the kinds of decisions where nonprofit organizations need to manage their risks in a strategic fashion, to review what is known about how they approach these decisions, and to offer a conceptual framework that nonprofits can use to develop a more sophisticated and effective approach to their risk-management decisions. For various reasons, nonprofits have not taken a sufficiently robust view of risk management, A simple framework is presented to address the risk-related decisions of nonprofits in a strategic fashion, with a view to inspire fuller attention to risk management in the nonprofit academic literature and in professional forums.

Suggested Citation

  • Dennis R. Young, 2009. "How Nonprofit Organizations Manage Risk," AIEL Series in Labour Economics, in: Marco Musella & Sergio Destefanis (ed.), Paid and Unpaid Labour in the Social Economy, chapter 0, pages 33-46, Springer.
    • Handle: RePEc:spr:aiechp:978-3-7908-2137-6_3
    DOI: 10.1007/978-3-7908-2137-6_3
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    Cited by:

    1. Canh Thien Dang & Trudy Owens, 2017. "What motivates Ugandan NGOs to diversify: Risk reduction or private gain?," Discussion Papers 2017-11, University of Nottingham, CREDIT.
    2. Alexandra Graddy-Reed, 2021. "Decisions of firm risk and the role of organizational identity," Small Business Economics, Springer, vol. 57(1), pages 1-21, June.
    3. Domański Jarosław, 2016. "Risk Categories and Risk Management Processes in Nonprofit Organizations," Foundations of Management, Sciendo, vol. 8(1), pages 227-242, January.

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