Strategic planning is one of the essential functions of nonprofit organization boards and executive teams.
An actionable strategic plan can be crucial in the sustainability and growth of a nonprofit organization, social enterprise or charity. However, not all strategic plans have the same impact.
What is needed is an actionable strategic plan that reflects the organization’s shared vision, prioritized objectives and optimized methodologies.
Our strategic plan development system starts with the Executive – Strategic Evaluation Process (E-SEP)
A successful strategic plan has the following SEARCH (of excellence) characteristics.
– Simple: The strategic plan must be simple for better communication with the board, staff, and other stakeholders.
– Effective: The strategic plan must produce positive results and contribute to the nonprofit organization’s success.
– Applicable: The strategic plan must be actionable at the strategic and operational levels.
– Realistic: The strategic plan must reflect reality and be operable given the limited resources and environmental factors.
– Comprehensive: The strategic plan must consider all operational and strategic parameters, including risks, resources, human factors and stakeholders.
– Harmonized: The strategic plan must ensure harmonious working between the board, staff, stakeholders and the community.
Vectors Group researchers developed the ViStA Strategic Management Framework to assist nonprofit organization boards and leaders in developing actionable strategic plans that possess all seven characteristics of SEARCH.
Even with the most fantastic cause or intentions, nonprofit organizations can not build a sustainable system or grow without an actionable strategic plan. Nonprofit strategic planning is the foundation of operational efforts and impact. Let the Vectors Group team help you succeed.
This step uses qualitative and qualitative data to measure and visualize where your nonprofit is today and where you want it to be in the future. This will merge your strategic priorities with your organization’s ‘impact’.
Facilitating communication between the board and staff ensures the valuable ideas your employees provide through this engagement and decision-making process will reinforce their commitment to “buy-in” and to strategy execution success.
At the end of this process, you will also get a chart similar to this one that shows where your organization is today and where you want to see it in 3-5 years depending on your strategic planning period. We will also teach nonprofit organizations how to use this tool so they will be able to measure their strategic performance or progress in certain periods.