As the old saying goes, "If you don't know where you're going, any road will take you there." The same is true for companies and organizations. Without a clear destination, it is impossible to set a course and measure progress. Without a strong strategy, a nonprofit organization is likely to flounder, wasting valuable time and money on activities that do not further its mission.
A well-crafted strategy can also help a nonprofit organization secure funding from foundations and other donors. Donors want to see that their money will be used effectively, and a detailed strategy can demonstrate this commitment.
What is strategic planning?
Strategic planning is the process of setting goals and determining how best to achieve them. It involves creating a road map for success, which can be used as a guide for decision-making. It is an important tool for nonprofit organizations, as it allows them to focus their limited resources on their most important objectives.
What goes into a successful strategic planning experience?
Below are four key factors to keep in mind:
1: Define your mission.
One of the first things you need to do when embarking on a strategic planning experience is to define your mission. This will provide you with a north star to guide your decision-making and ensure that everyone on your team is moving in the same direction. Moreover, it can help you attract like-minded individuals who are passionate about your cause and want to help you achieve your goals.