5 Ways for Not-for-Profits to Remain Agile
Not-for-Profit (NFP) organizations and charities alike have been deeply impacted by the global health crisis. It is important now more than ever, for these entities to be agile and shift their operations to accommodate this new reality.
In this article, published by RSM Canada, they examine a case study of one mid-sized NFP that began to make changes prior to the pandemic and found that they were in a much better position to pivot their operations to a virtual environment when the time arose.
To assist other NFPs in their efforts to become more agile and equipped for long-term survival, RSM has compiled a list of five key areas to be considered:
- Strategic planning, budgeting, and forecasting
- Reserves planning
- Focus on talent
- Virtual and other delivery models for programs and fundraising