Week Four: Strategic Financial Planning
Post by Day 4 a brief description of the government or non-profit organization you selected. Then, explain the internal and external factors that might impede the development of a successful financial strategic plan. Provide examples of at least two internal factors and one external factor, and explain how they could impact the organization. Then, identify how these obstacles may be overcome.
Introduction
For this week’s discussion, I chose the Amherst H. Wilder Foundation, a nonprofit health and human services agency located in St Paul, MN, for it’s dedicated service to the community with over 40 programs of service to the community, and its 2010 announcement that it would be cutting 263 jobs and eliminating some of the programs that service children and the community.
About Wilder
The Wilder Foundation, or Wilder as it is known to those in the community, offers a broad range of services to all of the members of the local community within the respect to aging and caregiving, childcare and preschool, parenting, housing, memory loss, mental health, success in school, social healing, southeast Asian transition, community projects and events, nonprofit training, neighborhood leadership retreats, grantwriting classes, Achievement Plus, the James P. Shannon Leadership Institute, Saint Paul Promise Neighborhoods, …show more content…
Management capabilities and leadership styles also affect the development of a successful financial strategic plan. From faith in the abilities of the management to employee morale, management is the second most important factor in the success of strategic planning internally. To overcome this obstacle, the Wilder Foundation offers that “Throughout its history, the Amherst H. Wilder Foundation continues to have dedicated individuals who provide stewardship through their work and commitment as a board member, board officer, volunteer, or employee” (Wilder Foundation,
Post by Day 4 a brief description of the government or non-profit organization you selected. Then, explain the internal and external factors that might impede the development of a successful financial strategic plan. Provide examples of at least two internal factors and one external factor, and explain how they could impact the organization. Then, identify how these obstacles may be overcome.
Introduction
For this week’s discussion, I chose the Amherst H. Wilder Foundation, a nonprofit health and human services agency located in St Paul, MN, for it’s dedicated service to the community with over 40 programs of service to the community, and its 2010 announcement that it would be cutting 263 jobs and eliminating some of the programs that service children and the community.
About Wilder
The Wilder Foundation, or Wilder as it is known to those in the community, offers a broad range of services to all of the members of the local community within the respect to aging and caregiving, childcare and preschool, parenting, housing, memory loss, mental health, success in school, social healing, southeast Asian transition, community projects and events, nonprofit training, neighborhood leadership retreats, grantwriting classes, Achievement Plus, the James P. Shannon Leadership Institute, Saint Paul Promise Neighborhoods, …show more content…
Management capabilities and leadership styles also affect the development of a successful financial strategic plan. From faith in the abilities of the management to employee morale, management is the second most important factor in the success of strategic planning internally. To overcome this obstacle, the Wilder Foundation offers that “Throughout its history, the Amherst H. Wilder Foundation continues to have dedicated individuals who provide stewardship through their work and commitment as a board member, board officer, volunteer, or employee” (Wilder Foundation,