HLB Mann Judd Sydney have launched their 2022 Not for Profit Leaders Report on Strategic Planning.
The report focuses on the key areas of strategic planning to achieve your organisation’s goals and objectives. It provides an opportunity to benchmark your organisation against other not for profits and provides insights and recommendations for leaders.
Two years of disruption have changed the way in which organisations develop and manage strategic plans. Being able to adapt to rapid change is critical for organisations.
The only thing we can be sure of now is that change is constant, and organisations need to be prepared to change quickly as needed to survive. Accepting we are in a new ‘normal’ is one of the first steps. As we often see in financial disclaimers ‘Information based on historical performance is often not a reliable indicator of future performance’.
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Learn more about our not for profit expertise.
Organisations that were able to weather the storm of the last two years are now looking to grow, with 72% of participants stating that if they achieved their strategic plan their revenue would grow.
A high proportion of participants are looking at growing their customers through growth in markets, geography and customer base.
Recruitment and retention of quality staff continues to be a challenge, with 74% of participants saying that in the last two years their staff turnover was more than 11%.
When asked what the biggest risk to your organisation was, 20% responded with loss of reputation.