CONTINGENCY PLANNING FOR NONPROFITS:
THE POWER OF "WHAT IF . . ." THINKING
Written by: Shawn Sheridan, a Consultant at Dewey & Kaye, a McCrory and McDowell Company. Shawn can be reached at ssheridan@deweykaye.com.
Much has already been written in the national and local media about the impact of the recession on nonprofit organizations" financial health and bears no repeating here. What this brief article does present is a quick guide for implementing contingency planning in your nonprofit organization as a high–impact response to these difficult economic times.
First of all, what are we talking about when we say "contingency planning"? Contingency planning is a planning method that manages uncertainty by identifying specific responses to possible future conditions in advance of those conditions taking place. Sometimes referred to as "back-up" or "what if" plans, contingency plans are pre–planned tactical responses ready to address short–term issues. Applied to financial management, contingency plans are essentially back–up budgets to employ once financial conditions indicate that the current budget is no longer realistic.
Contingency planning simply takes the organization's normal budgeting process several steps further. In the traditional budget management process, quite adequate for "normal" economic times, nonprofits create and approve a budgeted spending plan, monitor the budget throughout the year and make incremental adjustments to keep spending and revenues within the plan. In the normal operating environment, nonprofit managers face less drastic funding shortfalls and can make incremental decisions quickly and responsibly as issues emerge to bring the budget back into line.
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LEADERSHIP PROFILES: Assessing and Adapting Your Leadership and Management Style
Are you trying to create your personal development plan and need to know where to start? Are you a leader of a nonprofit seeking to improve your leadership and management abilities? Do you aspire to be a leader or manager in a nonprofit? One of the best ways of improving your personal effectiveness and leadership capabilities is by identifying your personal management style and behavioral tendencies. Successful leaders understand themselves, how their behavior impacts others, and how to capitalize on their management strengths.
Our Leadership Profile Workshop is classroom training built on our recently released study of Nonprofit Leadership Development and a new DiSC Profile Management tool. We will use online prework, engaging facilitation and contemporary video to create a personalized learning experience. Participants learn how to read the styles of the people they manage. The result is leaders who adapt their styles to manage more effectively.
Here's what people said after attending this workshop:
"I learned quite a bit of good information that will help me be a better leader and manager to my quite diverse group of direct reports."
"The cost/benefit ratio of what this program costs was more than fair – it was well worth the cost."
May 20, 2009
8:30 am – 3:30 pm (lunch on your own)
Location: Dewey & Kaye, 20 Stanwix Street, Pittsburgh
Click here for more details.