“There is little agreement on what strategies lead to a successful turnaround in the private sector. Case studies of turnarounds in nonprofit organizations, however, suggest that leadership, building an appropriate team, and mobilizing and garnering support from stakeholders are key elements of a successful strategic approach.
A review of the literature on reinvention and capacity building in nonprofits suggests that leaders should not adopt private-sector solutions indiscriminately, without taking into account the strong value-based culture and commitment of nonprofit staff and volunteers.
The change management strategies that seem to work best are those which respect nonprofits’ organizational and sectoral culture, while mobilizing resources and linking stakeholder support to the vision and mission at the heart of every nonprofit enterprise. These participatory strategies are also more likely to build capacity – a major challenge throughout the nonprofit sector. Finally this review identifies several questions, including nonprofit crises, retrenchments and specialist roles, which merit further investigation.”
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Filed under: General, Leadership Research, Leadership Training | Tagged: change, community, leadership, organizational change, turnarounds | Leave a Comment »