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The Quintessential Survival Guide in the Corporate Quagmire! | |
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Five Key Strategies for Making Your Nonprofit Business More Effective
I love tennis both as a spectator and a weekend player. I also believe that effective nonprofit organizations are an essential part of vibrant, engaged communities. As I was watching The Championships - Wimbledon this year, I realized there are lessons from Wimbledon (both from the players and the tournament itself) that can help your nonprofit achieve attention-getting results. What are these lessons? Have a game plan Successful players know their own strengths and weaknesses and the strengths and weaknesses of their opponents. They develop game plans designed to take advantage of their best weapons and to capitalize on opportunities provided by their opponents. Successful nonprofits know their external environment, know what they do well, stay flexible so they can capitalize on opportunities and use strategies based on their strengths. Don't play a clay court game on grass Wimbledon is the only Grand Slam event played on grass. Grass is a fast, slick surface and the ball bounces in strange ways. Players must be able to adapt their game to compete effectively. The nonprofit environment is constantly changing and effective organizations are able to anticipate and adapt to these changes. Stand out from the crowd Grass courts. All white tennis attire. The green backstops and stands. Turn on a televised tennis match and these images let you know immediately that you are watching The Championships-Wimbledon. From the distinctive crossed rackets of the Wimbledon logo to the familiar Wimbledon colors of green and purple, the Wimbledon brand is well-defined. Like it or not, nonprofits must develop an identity and consistently communicate their values and mission. You can't play doubles alone Although not as popular as singles, doubles is an integral part of tennis. Doubles teams are partnerships that take advantage of the strengths of each player. It is not uncommon to see competitors in singles form successful doubles teams. In the nonprofit world, effective partnerships can enhance the ability of each organization to meet community needs and often result in more effective use of each organization's resources. Take advantage of rain delays Wimbledon is famous for its rain delays. These delays often turn out to be opportunities. Time and again I've watched players raise the level of their game or successfully use new tactics after unplanned time in the locker room. All of us get caught up in day-to-day activities and feel we can't take time out. The reality is that taking time away often leads to new ideas and new strategies for advancing your mission. Consistently applying these strategies will help you achieve attention-getting results. Give it a try and track your progress. Judith Rothbaum helps talented nonprofit professionals and volunteers use information to build their business and think more boldly about who they are and the changes they create in their communities. Visit www.datafordecisionmaking.com for tips, information and helpful tools.
MORE RESOURCES: Faces beyond the numbers of long-term unemployed (AP)
Greece warns bailout rebels of disaster (Reuters) Reuters - Greek Prime Minister Lucas Papademos told lawmakers to back a deeply unpopular EU/IMF rescue in a vote on Sunday or condemn the country to a "vortex" of recession. Greece's grim choice: deep budget cuts or default (AP)
A look at economic developments around the globe (AP) AP - A look at economic developments and activity in major stock markets around the world Friday: NY's AG isn't backing down from Wall Street probe (AP)
Summary Box: Commodities fall on Greece debt woes (AP) AP - GREEK WOES: Commodity prices fell broadly as a plan to fix Greece's crippling debt crisis remained far from settled, renewing concerns about global economic growth. Most commodity prices fall on Greece debt woes (AP) AP - Commodity prices fell broadly Friday after a plan to fix Greece's crippling debt crisis suffered a setback, renewing concerns about global economic growth. Bernanke urges action to heal housing markets (Reuters) Reuters - Federal Reserve Chairman Ben Bernanke on Friday issued a call to action to restore U.S. housing markets, saying depressed house prices and sales are a serious drag on the economic recovery. Obama call for manufacturing revival a tough goal (AP) AP - President Barack Obama is making a strong election-year push for an economic revival "built on American manufacturing." But he faces an uphill slog, with little consensus even within his own party on how to do it. Gov't on pace for $1T deficit despite January dip (AP) AP - The federal deficit was lower through the first four months of the budget year than the same period last year. Still, the deficit is expected to top $1 trillion for the fourth year in a row, putting more pressure on Congress and President Barack Obama in an election year. Bernanke: Weak housing has hurt consumer spending (AP)
January budget gap shrinks (Reuters) Reuters - The monthly budget deficit narrowed to $27.4 billion in January from $49.8 billion in the same month a year earlier, partly because some benefit payments normally made in January were shifted to December, the Treasury Department said on Friday. Anxiety over incomes hits consumer morale (Reuters) Reuters - Americans felt worse about their personal finances in early February, but rising confidence in the labor market's prospects should help to support spending and the broader economy. Romney appeals to U.S. business with harsh China talk (Reuters) Reuters - Mitt Romney slammed China's "autocratic model" of capitalism in a speech to technology executives on Friday, keeping up attacks on the economic powerhouse days before a visit from a Chinese official expected to be the country's next leader. Housing a "significant headwind" to recovery: Fed's Pianalto (Reuters) Reuters - The housing market is holding back the broader economic recovery now that foreclosures have become "a national crisis," a top Federal Reserve official said on Friday. Exclusive: Future of bank benchmark rate under review (Reuters) Reuters - A global probe into whether banks colluded to set the interest rates at which they borrow money from each other has thrown into question the future of the benchmark they use to price financial products worth an estimated $360 trillion. Bernanke urges action to heal U.S. housing markets (Reuters)
Spain cuts firing costs in new labor reform (Reuters) Reuters - Spain cut severance pay for workers on Friday and watered down collective bargaining rights, giving more power to employers as it attempts to kick start its moribund jobs market and slash Europe's highest unemployment rate. Portugal watches Greek debt drama with foreboding (Reuters) Reuters - Portugal's economy will shrink as much as Greece's this year, according to IMF projections. The two will have identical current account deficits and the red ink in Portugal's budget will be almost as deep as in Greece's. Trade deficit widens to $48.8 billion in December (AP)
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