Being able to adapt to some expected and some unexpected challenges is essential to your organisation succeeding.
After the last few years of challenges, not for profits have never been under so much pressure – rising interest rates, increasing costs, inflation and the cost of living crisis are only adding to this – particularly for charities who are seeing an increase in the demand for their services.
Our third annual not for profit leaders report on strategic planning provides leaders with insights on better practice for developing and reviewing their plan to ensure they are managing their risk and meeting the goals of their organisation.
Some of the report highlights include:
We work with not for profits, specialising in strategic planning, business transformation and financial management, mergers & acquisitions, risk analysis including governance and cyber. We provide:
Learn more about our not for profit expertise.
The rising cost of living has seen an increase on demand for services while consumers are tightening their belts whether it be through cancelling professional memberships or a reduction in charitable donations. The ongoing economic volatility has placed even more strain on not for profits as they face greater demand for their services, disruption of operations due to labour shortages and uncertainty over funding.
We asked what the barriers were to the organisation achieving its strategic goals. The top two responses were staffing and the economic environment. These findings reflect the macro environment facing most organisations. It is unlikely these issues will be resolved in the short term.
57 percent of survey respondents anticipated they would be impacted by AI and automation in the future. Investment in technology is priority for not for profit organisations with most looking to increase their spend in the next three years.
Not for profits are increasingly becoming aware of potential cyber-attacks.
66 percent of survey respondents said protecting client/member information was their primary concern. However it was positive to see that 75 percent of respondents are providing cybersecurity training to employees.