Community bonds are an alternative model of financing for charities and nonprofits, that are repayable to investors, with defined interest terms. The bonds allow organizations to collect capital for projects and pay it back over time, like a loan, but...
We all know that a strategic plan is so important for organizational growth and operations - but it can feel overwhelming and expensive. In this episode, Ashley Whitworth, senior manager at BDO, teaches us how to run a strategic planning...
A strategic planning or visioning exercise should be a time of hope and opportunity for any company or organization. A successful process will engage staff and stakeholders to better inform decision making and to communicate relevant information along the way....
This past October 30, leaders from across Canada gathered at a hotel in Waterloo, Ontario for a week to explore new and innovative ways of measuring and improving child well-being in Canada. An initiative of UNICEF Canada, it was largely...
Anyone who has experience in managing nonprofit organizations understands the importance of excellence in strategic planning. Every few years, or at least upon the occurrence of a fundamental change in the organization, it is essential to sit back with the...
Sound strategic planning is critical for an organization’s success because it helps define and communicate what the organization wants to accomplish and the steps necessary to get there. Unfortunately, less than 10% of strategies are effectively executed according to Fortune...
In an earlier article, Making Strategy Happen, I examined the factors to be taken into account for the successful implementation of a strategic plan. Since the fall season typically brings a period of annual planning and budgeting for nonprofits, it's...
Many who have experienced strategic planning will relate to this scenario: the facilitator with an impressive PowerPoint featuring graphs, intersecting circles, and colourful charts to suggest how the planning process flows and makes sense. There are even handouts explaining the...
Whether in executive search practice, or providing training to Board volunteers, as a management consultant I inevitably ask others about achieving a legacy. In a hiring interview, the question typically goes something like this: "what will others say has been...
Last month's article wrapped up with the benefits of Strategic Planning. That list will have convinced your board and chief executive of the importance of this process! With increasing competition for limited funds, engaged volunteers and dedicated staff your charity...
