My work on strategic planning brought me to this Harvard compilation, HBR’s 10 Must Reads on Strategy. It’s nice to have an easy read, to jog my memory of all the basics of strategy that I have learned over the years. The first chapter is “What is Strategy”, an introduction by Michael Porter, who wrote… [Read More]
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Tag: non-profit governance
Sweet Briar stays open, and all about restricted endowments.
It’s now official: Sweet Briar College is staying open. There are other vulnerable small colleges out there, but this one was less vulnerable than most. One of the issues that was addressed in the court order was one of restricted endowments. What are they? Simple: they are money donated to an institution for use for… [Read More]
Cato’s Problems and Nonprofit Structure
The Washingtonian Magazine has a long story about management tensions at the Cato Institute, a libertarian think-tank. The most interesting part, to me, was this tidbit: the Cato Institute has shareholders because Kansas corporation law allows non-profits to have a corporate ownership structure. That’s really unusual. A typical non-profit organization is “owned” by its donors… [Read More]
Fiduciary Responsiblity and Susan G. Komen for the Cure
At this point, we all know what happened: Susan G. Komen for the Cure decided to cut grant funding for Planned Parenthood, the executives gave conflicting stories about why it was cutting funding, and people all over raged on Facebook, Twitter, and what have you. Once criticism that I saw, several times, was the idea… [Read More]