When nonprofit organizations draft strategic plans, the expectation is stability. A three-to-five-year vision is meant to guide priorities, operations, and growth. But what happens when the world changes faster than the paper it’s written on?
In a recent episode of the Nonprofit MBA Podcast, Stephen Halasnik of Financing Solutions sat down with Marie Palacios, Lead Consultant at Funding for Good, to discuss a subject that’s rapidly gaining urgency: how nonprofits can adapt their strategic plans in a changing reality.
“In today’s environment, you have to hold strategy loosely,” said Palacios. “Because the reality you planned for may not be the one you’re living in next quarter.”