4 Questions To Answer When Building Your Bench
| Posted in Management on May 16, 2011 by |
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Heading into the 2011 season, the St. Louis Cardinals pitching rotation was one of the best in all of baseball. However, when it was announced that Adam Wainwright, the #1 pitcher in the rotation, suffered an injury that would sideline him for the season, things quickly changed. People began questioning whether or not the team would even be able to finish second in the division.
Fortunately for the fans, the Cardinals had invested valuable ...
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Nonprofits And Board Succession: Having A Successor Plan
| Posted in Management on May 8, 2011 by |
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Successor planning is important. However, it is hard to do. Many organizations try to use a formula but with limited success. Successor planning answers the simple question: Who should replace the current leader?
Each year the question is asked and answered for the professional staff. The board decides whether to keep or replace the senior professional. The senior professional decides whether to keep or replace each subordinate. And the ...
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What Successful Nonprofit Organizations Have In Common
| Posted in Management on Dec 3, 2010 by |
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Around the world, nonprofit organizations provide programs and services that improve the quality of life for millions of people. Organizations who take on the social contract of providing services for the public good vary widely in their missions, as well as their structures. From advocacy to zoological research, the nonprofit organizational structure thrives on the flexibility to identify needs within a unique community focus and thus develop ...
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For-profit Lessons For Nonprofits
| Posted in Management on Jul 13, 2010 |
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Five years ago, my colleagues, Jeff Sachs and Ray Chambers and I had a dream - to launch an organization that would cut extreme poverty in half in just 10 years.
We realized at the time that implementing this idea sounded far-fetched. But we truly believed that with the necessary capital, the proper infrastructure, and the will to succeed, it was possible.
As a veteran private-equity investor that bought and sold businesses for a living, ...
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