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People have to understand that unless social enterprise is experimental, it will not succeed in making a difference.
Jacqueline Novogratz
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Interpretation

What this quote means

Social enterprises must embrace experimentation to create impactful change.

Jacqueline Novogratz emphasizes the importance of experimentation in social enterprises. She suggests that to make a significant difference in society, these organizations need to be innovative and willing to test new ideas and approaches rather than sticking to traditional methods that may not yield desired outcomes.

Themes

Social EnterpriseExperimentationChangeImpactInnovation

In practice

Example use cases

In a speech about innovation at the annual conference, a leader quoted Novogratz to emphasize the necessity of experimentation in social good initiatives.

More from Jacqueline Novogratz

May each of you live lives of immersion. They won't necessarily be easy lives. But in the end, it is all that will sustain us.
Jacqueline NovogratzRead
When people gain income, they gain choice, and that is fundamental to dignity.
Jacqueline NovogratzRead
I've been working on issues of poverty for more than 20 years, and so it's ironic that the problem that and question that I most grapple with is how you actually define poverty. What does it mean?
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The poor don't live in functional market economies as the rest of us do, but in political economies where corruption and broken systems extend from local government to moneylenders.
Jacqueline NovogratzRead
Each of us can work to change a small portion of events. And it's in the total of all those acts that the history of this generation will be written.
Jacqueline NovogratzRead
Don't let people tell you to do it this way. You are on the verge of figuring out hybrid models -- with companies and nonprofits, markets, government, crowd-sourced philanthropy. The capitalist system as we know it is not working.
Jacqueline NovogratzRead

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