How does strategic planning for non-profits differ from profit-making firms?© BrainMass Inc. brainmass.com October 16, 2018, 8:00 pm ad1c9bdddf
Planning is deciding in advance about the future course of action. Management uses strategic planning to prepare for economic, demographic, competitive, technological, and regulatory changes that affect the way their organization operates. Thus it is concerned with accomplishing the mission and vision of the organization. The strategic plan drives the overall corporate strategy and defines the core business strategies with respect to various aspects such as marketing, finance and operations and specifies broad guidelines and framework for the organization to operate. A strategy is an overall map that guides the use of these tools toward clear goals. All kind of organizations need strategy to achieve the goals.
Certainly there are some strategic issues which are different in the non profit sector then the private sector. They do have diversities:
Greater number of Variables
They deal with greater levels of complexity. The decision makers simply deal ...
The solution discusses startegic planning for the two different types of firms.
Strategic Planning: Studying Strategy, Mission, Vision, Planning
1. Since it will be years, if ever, that most of you will be in a position to establish strategy, why do you want to study it?
2. How do you explain the success of firms which do not use a formal strategic planning process?
3. Using this information, prepare a brief vision statement and a brief mission statement which are consistent with the working definitions (we use Strategic Management. Formulation, Implementation, and Control, Twelfth Edition, and we are on chapter 2).
Mission Statement: To provide access to higher education opportunities that enable students to develop knowledge and skills necessary to achieve their professional goals, improve the productivity of their organizations and provide leadership and service to their communities.
-To facilitate cognitive and affective student learning - knowledge, skills, and values - and to promote use of that knowledge in the student's work place.
-To develop competence in communication, critical thinking, collaboration, and information utilization, together with a commitment to lifelong learning for enhancement of students' opportunities for career success.
-To provide instruction that bridges the gap between theory and practice through faculty members who bring to their classroom not only advanced academic preparation, but also the skills that come from the current practice of their professions.
-To provide General Education and foundational instruction and services that prepare students to engage in a variety of university curricula.
-To use technology to create effective modes and means of instruction that expand access to learning resources and that enhance collaboration and communication for improved student learning.
-To assess student learning and use assessment data to improve the teaching/learning system, curriculum, instruction, learning resources, counseling and student services.
-To be organized as a for-profit institution in order to foster a spirit of innovation that focuses on providing academic quality, service, excellence, and convenience to the working student.
-To generate the financial resources necessary to support the University's mission.
4. How does strategic planning for non-profits differ from profit-making firms?View Full Posting Details