FHI 360 absorbed AED almost three years ago in a game-changing merger, and the organization continues to look ahead at innovative, cost-effective solutions in human development.
Earlier this month, Devex sat down with Patrick Fine for a video interview (see below), just days after he was appointed CEO of the global health and development NGO. Fine had served as FHI 360’s chief operating officer for a year.
In his conversation with Devex’s Michael Igoe, Fine discussed the “increasingly sophisticated and regulated” business environment which groups like his find themselves in today.
To succeed in this challenging and highly competitive environment, nonprofits and consulting firms working on poverty eradication and human development need to focus on results, he said:
Innovation should be at the core of your business model, Fine advised his peers, and in order to move forward, development groups could benefit from evaluating the cost structures they use to price products and services in order to make them more flexible for different types of funders.
Click on the above clips to lean more insights from Fine, including the need to find innovative ways to reduce overhead costs.
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