Strategic planning for non profits
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1.Can you provide an explanation of ethical, financial, and cultural benefits and limitations of organizational strategic planning. Include how ever-changing stakeholders might impact the strategic plan (associated with American Red Cross)
2. Can you evaluate the organization from multiple sustainable perspectives, including financial considerations, positive community outcomes, and innovation.
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Solution Summary
Using assignment questions, the limitations and benefits of strategic planning for non profits is examined.
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Can you provide an explanation of ethical, financial, and cultural benefits and limitations of organizational strategic planning. Include how ever-changing stakeholders might impact the strategic plan (associated with American Red Cross)
In terms of financial benefits, an organization with a strategic plan has a better idea of the budgets and what is needed from the company to meet the demands of those budgets. For a non profit, this money comes from fundraising, grants, and other types of monies given by donators who wish to help the organization and its goals. These goals can be either short term, a specific event or situation, or long term. Knowing what capital expenditures are planned and how the organization plans to place themselves in the public perspective, is also important for raising money. However, in terms of organizations like the Red Cross, this can be detrimental, because a strategic plan is only as effective as the organization can foresee imminent disasters and changes. So the strategic plan can only look at known issues and guess at potential threats the organization may face.
Strategic planning also ...
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