Strategic awareness rarely features in modern textbooks on management, yet is something that can fundamentally change conversations and decision-making at the Board level.
In essence, strategic awareness is the...
Strategic awareness rarely features in modern textbooks on management, yet is something that can fundamentally change conversations and decision-making at the Board level.
In essence, strategic awareness is the...
Have you ever seen one of your close peers receive a promotion, or be appointed to a Board, only to then treat you and existing workplace friends in a different, negative way?
The primary reason driving most mergers is to gain some type of advantage or to stave off some sort of disaster. The only way organizations can decide if a merger makes sense is to evaluate whether it significantly advances their vision and strategic objectives. Since these strategies are, presumably, designed to increase the ability of the organization to deliver against its vision, their accomplishment should, by definition, increase profitability.
Many nonprofit organizations elect or appoint an individual to the position of Treasurer and that person is deemed responsible for the financial management of the organization.
This commonly accepted business practice tends to compel people to believe that they need to cut costs to improve revenue and profit, making expenses the focus of the business strategy, not revenue generation. This often leads management to make decisions that actually harm the organization.
One of the key assets of any nonprofit organization is its CEO (or MD, EO, GM, Coordinator or any other title that represents the chief staff leader). A primary reason many great CEOs choose to leave their organization is due to poor handling of their performance management by the Board, or sometimes not at all.
The relationship between the nonprofit Board Chair and the CEO is arguably the most important relationship in the organization.
On the one hand, Directors have the right to access everything that goes on in the organisation (with some exceptions mainly related to privacy laws), as in the end, the Director is ultimately responsible.
Eight of our best steps you can begin to implement today, which promise to put you in good shape to becoming a Board savvy CEO. This will enable a productive relationship to take place, and is crucial for trust to be fostered and strategic outcomes achieved much faster.
Removing a Director should occur either by performance management (e.g. Board evaluation results), structural management (e.g. term limits or constitutional and/or legal requirements invoked), or by perception management (e.g. offering a position on an advisory committee)
When it comes to financing a nonprofit, there are many uphill battles. The two greatest factors that either create or limit prosperity and abundance in a nonprofit organization are...
The following list is a compilation of tactics and behaviors which may seem unconventional, but form the foundations of a resilient business that can sustain conscious growth.
Many CEOs we have worked with can recount a situation where they have been involved in an AGM (not necessarily their own) that have dissolved into farce and acrimony, leaving the organization in confusion and Board and staff unsure what to do next.
There have been too many examples where the functions of the Treasurer have been too much for one person, or there have not been the checks and balances on this position allowing the Treasurer to commit fraud, or remain ill-suited for the task at hand.
Have you ever had (or heard of) the situation where one or more Board members were either consistently late, or were not turning up on a regular basis (with or without pre-warning)?
For innovation to thrive in an organization, the CEO plus Board of Directors must actively promote the right culture.
The strategic planning process is often too operational, inefficient and not nearly strategic enough. Employ these seven tips to give your planning team the best running start for your next strategic plan.
The thinking habits of an organization's Board of directors plays an important role in shaping the culture of its workforce and the effectiveness of its strategies.
The CEO is crucial in developing a positive organizational culture, spurring innovation and ensuring the work of their team meets industry standards and keeps a healthy bottom line.
Your organization's strategic plan sets the trajectory for its future. It is very important to make the most of this process and that starts with choosing the strategic planning team.