How to Lead a Resilient Not-for-Profit
Disruptive forces affecting not-for-profit organizations (NPO) are increasing. The main disruptive forces that require attention are cultural and economic shifts, globalization, changing demographics, and technology. A strong strategic plan and qualified leaders can help alleviate the ambiguity in navigating through disruptive change. The challenges and opportunities that arise from these shifts need to be embraced in order for an NPO to achieve its goals. NPOs that excel improve our communities and are committed to the Canadian ideal of good business: doing work that is fair, open, effective, and strong.
Disruptive innovation can be navigated through an effective leadership team. When financial and operational problems are solved strategically whilst thinking about the future, an NPO’s goals can be realized. A confident leader can employ a variety of strategies in order to navigate disruptive change. Building organizational knowledge by investing in leadership development and utilizing big data insights to increase efficiency are excellent areas to include in a strategy. An NPO can improve on its skill set by using social media and new technology to share meaningful information and align resources to optimize top priorities.
CPAs are able to guide NPO leaders on accounting, data analysis, policy, and decision-making to help solidify an organization’s strategy and realize their ideas. Feel free to contact your own RLB CPA today for guidance!
For more information, read the full article here.
* Please note: the article references not-for-profit organizations as “NFP”, whereas, at RLB, we use the acronym “NPO.”