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Strategic Alliances for Nonprofit Organizations
by Netta on Feb 1, 2011
A Strategic Alliance is a formal relationship between two or more parties to pursue a set of agreed upon goals or to meet a critical business need while remaining independent organizations. Strategic Alliances are one of the fastest growing trends for organizations today. For years, nonprofit organizations have collaborated with one another. Combining forces and eliminating duplication of mission and services, nonprofit organizations can often increase their social impact. For many nonprofit organizations this is significant.
The environment in which nonprofits function today has changed dramatically. In the face of such change, nonprofit leaders must consider creative strategies to strengthen their programs and build capacity and, at the same time, maximize valuable human and financial resources. As discussed, strategic alliances can be a wonderful way for nonprofits to meet challenges but only if the nonprofit is ready for the alliance, chooses the right kind of...Read More >>
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by smac89
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