Leadership for Long-Term Sustainability: The Board’s Role in Partnerships and Mergers

Standards for Excellence Institute®

We are pleased to bring you this article from Debra Thompson of Strategy Solutions, a Standards for Excellence Licensed Consultant.

To ensure long-term sustainability, organizations are beginning to explore or consider strategic partnerships and mergers. Is your organization:

  • Always in financial crisis or facing future funding cuts?
  • Looking for ways to lower costs, improve operations or increase capacity?
  • Seeking to grow as a result of a strategic planning process?
  • Struggling to recruit or retain staff or board talent?
  • Being asked to consider partnership or merger?
  • Nearing the retirement of the Executive Director without solid strategic and succession plans that explored partnership options for leadership and organizational sustainability?

If the answer to any of these questions is yes, then a strategic alliance, joint venture or merger should be considered as part of your long-term strategy.  Board leadership includes recognizing that fiduciary responsibility includes sustaining the mission as long as…

View original post 846 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s