Norfolk Housing Association: Social Enterprise Considers Growth Opportunity
商品編號：W36147
出版日期：2024/03/05
再版日期：
商品來源：
商品主題：Entrepreneurship; General Management/Strategy
商品類型：Case (Field)
涵蓋議題：social enterprise;affordable housing;growth through acquisition;female CEO
難易度：4 - Undergraduate/MBA
內容長度：8 頁
地域：Canada
產業：Real Estate and Rental and Leasing
事件年度：2018
As Chief Executive Officer Maya Kambeitz sat in her Calgary office preparing for the upcoming mid-2018 board meeting, she considered a potential growth strategy for Norfolk Housing Association (Norfolk Housing) that would align with its core values: to offer inclusive and affordable housing, and to maintain financial stability in 2019 and beyond. Norfolk Housing was a social enterprise registered as a non-profit corporation in Calgary, Alberta, offering rentals of affordable and priced-to-market apartments in shared buildings. Kambeitz wanted the board to consider whether or not to acquire another building, ideally near the current locations, to expand their operations. The increased number of units would improve operational efficiency through economies of scale and serve more people, aligning with the social enterprise’s dedication to both long-term financial sustainability and social purpose. However, expansion would require financing and support to acquire and manage the new building, which could put Norfolk Housing’s financial sustainability at risk.
The challenge was to achieve Norfolk Housing’s purpose to expand and provide affordable housing to more Calgarians while also maintaining long-term financial stability, which ensured that current tenants would not lose their homes if the association failed. Kambeitz had learned about Riley Park Place, a property with 24 units that was for sale. The location was close to their current properties and its acquisition had potential. However, there were some questions about whether the opportunity aligned with Norfolk Housing’s purpose and financial sustainability.
教學手冊：Norfolk Housing Association: Social Enterprise Considers Growth Opportunity - Teaching Note
補充材料：