You know it’s something you should spend more time on, but it gets put on the backburner. This blog is dedicated to encouraging you to take “nurturing stakeholders” from your “C” list and moving it up to your “A” list. We all know how important it is to have strong relationships with our stakeholders, whether they are donors, board members, volunteers, alumni, people … [Read more...] about The Value of Nurturing Stakeholders
And the winner is . . . Good Strategy by 63% to 37%! This was fun and thanks to everyone for playing along. In fact, it was so fun that I am thinking of turning this into a mid-term question for my grad class on Nonprofit Strategy at Maryland. Is “Good Strategy” the “right” answer? It all depends on your reasoning. A number of people pointed out that the only way for a … [Read more...] about Reader Results Are In!: Good Strategy vs Great Plan
Which would you prefer? Imagine that the proverbial magic genie appeared at your door and offered you either a “good strategy” for your future or a “great plan.” Which would you choose? Just send me a quick email at email@example.com to let me know. You don’t have to provide your reasoning, but if you do then I’ll provide some summaries of reader comments when I report … [Read more...] about Quick Reader Poll: Good Strategy vs Great Plan
“How am I supposed to create a strategy for the next three – five years, when I have no idea how the environment is going to change in even the next three months?” This was a very astute question asked during the Breakthrough Strategy seminar I taught earlier this week for nonprofit executives in Columbus, Ohio. In an environment that has been called “permanent white … [Read more...] about Strategy in Uncertain Times
Entrepreneurs – whether they are for-profit or not-for-profit focused – have this question as one of their main challenges. Many for-profit entrepreneurs come up with a new, cool product or service – but there is no market. There is no one who will actually pay for it. The not-for-profit entrepreneurs are fantastic at coming up with new, innovative programs that will make … [Read more...] about Who Will Pay For It?