: We hear a lot about for-profit companies, such as Apple Computer or Wal-Mart, and the successful strategies they have developed. Even though nonprofit organizations are not concerned with profit maximization, they too can benefit from following a strategy.
A nonprofit's strategy constitutes its decisions about what it will do and how it will do it. Managers are critical to successfully implementing strategy since they are responsible for carrying out the actions that will support it. By understanding a nonprofit's strategy and how it helps the organization fulfill its mission, a manager can do a better job implementing the strategy.
: This course has a "Mentor Expert" helpdesk feature. Learners have the ability to submit questions directly to an expert in the field you are studying.
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Lesson 1
Module 1: Understanding Strategy in a Nonprofit Context
Introduces the concept of strategy and how it applies uniquely to nonprofit organizations. Learners explore how strategic decisions guide what a nonprofit does, how it operates, and how managers play a critical role in executing strategy to advance the mission.
Module 2: Mission?Driven Strategic Planning
Focuses on the strategic planning process within nonprofits, including different planning approaches used by organizations. Learners examine how mission statements are constructed and how mission, vision, and strategy align to guide organizational direction.
Module 3: Budgeting & Strategic Resource Allocation
Explores the relationship between strategic planning, operating budgets, and capital budgets. Learners develop an understanding of how financial planning supports strategy implementation and long?term organizational sustainability.
Module 4: Implementing, Evaluating & Adapting Strategy
Examines success factors for effective strategic planning, the role of managers in implementation, and the importance of evaluation and contingency planning. Learners explore how nonprofits adapt strategy in response to changing conditions and risks.
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