Explain the benefits of formal strategic planning and management to a not-for-profit (NFP) organization like the American Cancer Society, the Robert Wood Johnson Foundation, or a community health center.

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Enhances the efficient utilization of what are normally extremely limited resources, financial and otherwise.

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The professionalism expressed by a formal strategic planning process may impress prospective donors and encourage larger contributions.

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Strategic planning and management provides a framework for focusing the energies of a mission-directed organization that usually lacks a market or competitors to guide its activities.

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As a result of competent strategic management, a NFP organization is more likely to accomplish its charitable mission.

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A strategic planning and management process helps organization managers gain a more thorough understanding of the sometimes amorphous external environment in which it operates.

Explain the Benefits of Formal Strategic Planning and Management to a Not-For-Profit