Hope Is Not A Strategy

Hope is not a strategy. That was the theme of the recent white paper—When The Mission Isn’t Enough: How Nonprofit Health Care Organizations Drift Toward Insolvency, And The Warning Signs Hiding In Plain Sight. My read: hoping that financial health will stay strong because it’s been strong in the past is a faulty assumption.

There are four signs often ignored by non-profit boards of directors identified by the authors. These are signs that the board members are;neither positioned nor prepared to know which parts of their strategy and operations work, why they work, and . . .