Strategic and financial planning – Borrowing from business
$225.00
Description
Abstract: While stories of corporate fraud and mismanagement seem to dominate the news, there are still lessons nonprofits can learn from for-profit business to help ensure a strong future. Specifically, just as for-profit business boards and owners do, nonprofit boards should develop not only an overall strategic plan addressing the organization’s mission and future initiatives, but a strategic financial plan that expresses financial goals and provides a methodology for monitoring progress. This article offers tips from business that will help nonprofits create effective strategic and financial plans.
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