Fourth Sector

Description

David Ronfeldt:

"According to Sabeti (2018), “The emerging Fourth Sector is fundamentally comprised of organizations that pursue social purposes while engaging in business activities.” Thus, he/they view the Fourth Sector — a term they coined in 1998? — as “a new economic space at the intersection of the three traditional sectors (public, private and non-profit).” In their view, the “non-profit sector” is also the “social sector” (a term they borrow from Drucker’s usage a few years earlier?). Its key actors will be for-benefit organizations." (https://twotheories.blogspot.com/2019/07/toward-new-sectorism-3-attractive-but.html?)

More information

• Heerad Sabeti and associates work in the Aspen Institute’s and Kellogg Foundation’s Fourth Sector Network, created in 1998. Sabeti is currently the head of the World Economic Forum’s Fourth Sector Development Initiative and CEO of The Fourth Sector Group (4SG).