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McKinsey Quarterly is the business journal of McKinsey & Company.

featured Nonprofit, Philanthropy article, prizes spur innovation

July 2009 

Using prizes to spur innovation

Prizes used to spark innovation are on the rise. Philanthropists—as well as players in the public and private sectors—must understand how to use them in the most effective way.

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Recent Thinking

The Archive

2006

2004

  • November 2004 

    The UN's role in corporate social responsibility

    The UN Global Compact has become a major force promoting corporate social responsibility, but not enough US companies are participating.

  • August 2004 

    Battling AIDS in India

    The head of the Bill & Melinda Gates Foundation’s Indian initiative on AIDS explains the importance of creating a vast network of public-private partnerships to tackle the problem.

2003

2001

  • December 2001 

    Vaccines where they're needed

    Governments and international organizations could reduce the financial risks borne by the developers and marketers of vaccines—and thereby make them cheaper and more plentiful.

  • July 2001 

    AIDS: A flicker of hope in Africa

    As HIV/AIDS rages in Africa, few can afford treatment. A UN-sponsored initiative is changing this bleak scenario.

  • February 2001 

    A point of light in Mumbai

    By developing a low-cost distribution channel, an Indian nonprofit organization can deliver child education and nutrition programs for just a few dollars a child per year.

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