Teaming up – Careful planning is essential in any alliance
Abstract: Countless nonprofits have partnered up for strength and survival during the last several years. The success of such a banding together depends on careful planning and oversight, whether the combination is a joint venture or a strategic alliance. This article explains the difference between the two arrangements, along with some of the considerations that need to be addressed with both. A sidebar looks at some of the pros and cons of a joint venture.