“…This conviction, denoted by the concept “managerialism,” can take root on an internal and external level (Meyer, Buber, & Aghamanoukjan, ). Internally, a managerial organization is characterized by a close control over operational processes, interchangeably manifested through (a) the presence of performance measurement (Carnochan et al, ), (b) standardization of organizational processes (Baines, Cunningham, & Fraser, ), (c) the use of corporate management tools (Hvenmark, ), or (d) the introduction of managerial professionals (Hwang & Powell, ). Externally, managerialism induces an economic outlook on the organizational environment that consists out of “products, consumers and investors.” This in turn can be related to the concepts of “consumerism” (clients become consumers), “commodification” (nonprofit services and goods become commodities produced in accordance to market demand), “market‐orientation” (stakeholder communication becomes marketing), and “venture philanthropy” (donations become investments) (see e.g., Chad, Kyriazis, & Motion, ; Edwards, ; Garrow & Hasenfeld, ; Sturgeon, ).…”