Wednesday, August 17, 2011
Center for the Future of Museums: Creating your own Arcadia: Where do you start?: "I’m often asked, “What will be the financial model be for museums in the future?” That model may well combine the idealism and mission-driven focus of nonprofits with strategies adapted from the for-profit realm. This week’s guest post is from Diana Peacock, director of Community Wealth Ventures, a for-profit subsidiary of the nonprofit anti-hunger and anti-poverty organization Share Our Strength. CWV is a management consulting firm that helps nonprofits achieve their goals for growth, sustainability and impact through a variety of strategies including business model assessment, business planning, strategy implementation and social enterprise. I’ve invited Diana to share some ideas on how museums bolster their financial sustainability while magnifying their impact. Here is the first installment of her response."