If the board president or executive director of your nonprofit organization resigned tomorrow, what’s the first thing would your board do? If your answer is, “I don’t know,” it’s time to get busy working on nonprofit succession planning. Nonprofit boards…
When a crisis hits, it hits without warning, and it knows no boundaries. It takes a mighty collective force to deal with a crisis in the most effective way. The best way to confront a large-scale crisis is for government,…
It may be tempting for boards to skip board meetings and put board business on hold during times when it’s impractical or improbable for boards to meet in person. The reality is that it may be even more important to…
Governance is one of the most important functions of a board of directors. Vast changes in the financial arena, as well as in society, have kept the issue of governance in a state of evolution over the last couple of…
Higher education is a highly regulated industry at the state and federal levels and the demands from the lawmakers, regulators, and the public continue to increase. There will always be a basic set of regulations that pertain to employment, financial,…
Strategic management and operational management are different and equally important aspects of the business. They’re separate, but related processes that work in parallel to each other. Each process can run on its own and in poorly run companies, they sometimes…
Among their other responsibilities, healthcare boards are responsible for ensuring that management teams and finance teams run efficiently while pursuing goals that lead to profitability. In order for healthcare organizations to succeed and provide quality healthcare for all their patients,…
One of the greatest benefits of the Information Technology Era is interoperability, or the ability of computers to easily share information. In addition to having one primary physician, it’s not at all uncommon for people with certain health conditions to…
Budgeting is something that gives leaders peace of mind. A little upfront planning alleviates a lot of problems as the year goes on. Having a budget supports an organization's business plan by mapping out the financial landscape for the coming…
In a perfect world, all corporations are driven by their missions. More often, when we think of mission-driven organizations, we think of the nonprofit sector. All corporations face challenges and the nonprofit sector presents a host of challenges that are…
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