Wise Decision-Making in Uncertain Times: Using Nonprofit Resources Effectively
A follow-up to our best-selling Effective Economic Decision-making by Nonprofit Organizations, this new volume focuses on the challenges faced by nonprofits in the post-9/11 world. Demands on essential nonprofit services have escalated, while the bursting economic bubble of the 1990s and the government’s preoccupation with terrorism has reduced funding.
Moving beyond the core principles set out in Effective Economic Decision-making—pricing, compensation, investment, outsourcing, economic options, strategies, and policies—this new guide examines four topical issues:
- operating decisions: performance, risk, and fiscal stress management
- capacity building: effectively coping with risk and change over the long term
- foundation decision-making: the pressure to support struggling nonprofits
- the nonprofit/business dynamic: path to stress or support
To survive and thrive in a more complex economic environment, nonprofit managers must develop strategies to steer their organizations through profound transformations in programs, operations, fund development, and financing. This book highlights the critical challenges of fiscal sustainability for nonprofits, and encourages organizations to take a more expansive approach to funding outreach.
Dennis R. Young, founding CEO of the National Center on Nonprofit Enterprise in Alexandria, VA, is Bernard B. and Eugenia A. Ramsey Professor of Private Enterprise at Georgia State University's Andrew Young School of Policy Studies. Dr. Young was instrumental in establishing the Mandel Center for Nonprofit Organizations at Case Western Reserve University, is the founding editor of the journal Nonprofit Management and Leadership, and is a former president of the Association for Research on Nonprofit Organizations and Voluntary Action (ARNOVA).