Organization
With the Ansari X Prize, the X Prize Foundation (based in Santa Monica, CA) established a philanthropic model in which offering a prize for achieving a specific goal stimulates entrepreneurial investment that produces a 10 times or greater return on the prize purse and at least 100 times in follow-on investment and social benefit. The Foundation has developed into a non-profit prize institute that conceives, designs and manages public competitions for the benefit of humanity.
Read more about this topic: X Prize Cup
Famous quotes containing the word organization:
“The art of government is the organization of idolatry. The bureaucracy consists of functionaries; the aristocracy, of idols; the democracy, of idolaters. The populace cannot understand the bureaucracy: it can only worship the national idols.”
—George Bernard Shaw (1856–1950)
“The methods by which a trade union can alone act, are necessarily destructive; its organization is necessarily tyrannical.”
—Henry George (1839–1897)
“The newly-formed clothing unions are ready to welcome her; but woman shrinks back from organization, Heaven knows why! It is perhaps because in organization one find the truest freedom, and woman has been a slave too long to know what freedom means.”
—Katharine Pearson Woods (1853–1923)