Nonprofit Consulting Firm
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Nonprofit Consulting Firm
A nonprofit consulting firm is a professional service organization that specializes in providing strategic guidance, capacity building, and other management services to nonprofit organizations. It aims to help nonprofits address challenges, optimize resources, and achieve their mission more effectively. The primary goal of nonprofit consulting firms is to help organizations improve their operational efficiency, increase their impact, and better serve their target communities. History Nonprofit consulting firms emerged in response to the growing need for specialized management support and strategic guidance within the nonprofit sector. As nonprofit organizations began to face more complex challenges, including increased competition for funding, evolving social issues, and expanding regulatory requirements, they sought the expertise of consultants who understood their unique needs and constraints. Notable nonprofit consulting firms include The Bridgespan Group, an American nonprofit ...
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The Bridgespan Group
The Bridgespan Group is a U.S. nonprofit organization headquartered in Boston, Massachusetts that provides management consulting to nonprofits and philanthropists. In addition to consulting, Bridgespan makes case studies freely available on its website and publications. Bridgespan was launched in 1999 by Thomas Tierney, formerly managing director of Bain & Company, professor Jeffrey Bradach, from Harvard Business School, and Paul Carttar, formerly a vice president at Bain & Company. The organization has received substantial support from Bain, with whom it has maintained a close relationship. The firm has six offices worldwide. History Bridgespan grew from a desire by Bain & Company to expand their support of nonprofits. The idea started by doing occasional pro bono work for nonprofits. Bain consultant Thomas Tierney had been involved with nonprofit work since the 1980s. After becoming worldwide managing director, Tierney began to focus his attention on consulting for charities ...
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Boston
Boston is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeastern United States. It has an area of and a population of 675,647 as of the 2020 United States census, 2020 census, making it the third-largest city in the Northeastern United States after New York City and Philadelphia. The larger Greater Boston metropolitan statistical area has a population of 4.9 million as of 2023, making it the largest metropolitan area in New England and the Metropolitan statistical area, eleventh-largest in the United States. Boston was founded on Shawmut Peninsula in 1630 by English Puritans, Puritan settlers, who named the city after the market town of Boston, Lincolnshire in England. During the American Revolution and American Revolutionary War, Revolutionary War, Boston was home to several seminal events, incl ...
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The Economist
''The Economist'' is a British newspaper published weekly in printed magazine format and daily on Electronic publishing, digital platforms. It publishes stories on topics that include economics, business, geopolitics, technology and culture. Mostly written and edited in London, it has other editorial offices in the United States and in major cities in continental Europe, Asia, and the Middle East. The newspaper has a prominent focus on data journalism and interpretive analysis over News media, original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson (businessman), James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded further into political economy and eventually began running articles on current events, finance, commerce, and British politics. Throughout the mid-to-late 20th century, it greatl ...
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Consulting By Type
A consultant (from "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice or services in an area of specialization (generally to medium or large-size corporations). Consulting services generally fall under the domain of professional services, as contingent work. The Harvard Business School defines a consultant as someone who advises on "how to modify, proceed in, or streamline a given process within a specialized field". Subject-matter expert vs. consultant According to ''Institute of Management Consultants USA'', "The value of a consultant s compared to a subject-matter expert (SME)is to be able to correctly diagnose and effectively transform an often ill-defined problem and apply information, resources and processes to create a workable and usable solution. Some experts are good consultants and vice versa, some are neither, few are both." Another differentiation would be that a consultant sells adv ...
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