Every business needs a plan; therefore, you are encouraged
to create a business plan. Then you need a way to ensure that that plan is
implemented, this is where strategic planning comes into play. Strategic
planning, in simplest terms, is the process of taking your business plan and
making it into action items. Identifying what you’ll spend time [...]
Archive of posts filed under the Board Development category.
Strategic planning
Sarbanes-Oxley Act 2002
The Sarbanes-Oxley Act was enacted in 2002 in response to scandals involving several public corporations such as: Enron, Tyco International, and WorldCom just to name a few. The reason why this is important to your nonprofit is that it is a public company, and is therefore subjected to the regulations within the Sarbanes-Oxley Act.
Now, [...]
Directors & Officers Insurance
Directors & Officers Insurance (commonly referred to as D&O insurance), is often overlooked by nonprofits for the simple reason they are uncertain whether or not they really need D&O coverage. Read this article noting compelling reasons to protect your organization. This should reassure you that D&O insurance has significant value to even the smallest [...]
Key strategies for implementing new ideas
Brainstorming new ideas may be your passion; implementing new ideas on the other hand may be where projects breakdown. When bringing your key leaders together your organization can gain passion and purpose in utilizing true collaboration.
Here are a few key strategies to assist you in seeing those well-dreamt projects through to fruition.
• Include your [...]
