The newest Lifecycles Latest newsletter has arrived
Our August/September newsletter by Nonprofit Lifecycles Institute is out now! Every issue has a ‘Learn’ section to keep your nonprofit capacity building skills sharp. Read the excerpt from this issue’s Learn section below and make sure to subscribe to receive this valuable info into your inbox:
5 Ingredients for a Successful Turnaround
- Committed Champion: Turnarounds require an internal champion who is deeply committed to the organization’s potential. This champion becomes the change agent, taking personal responsibility for repositioning the nonprofit.
- Symbolic Breaking Point: Successful turnarounds often stem from a specific organizational action that serves as a symbolic breaking point. It’s the moment when everyone says, “We can never let that happen again.”
- Internalization: This term refers to understanding a situation well enough to internalize its lessons. It involves a willingness to face problems with an attitude shift and genuine comprehension.
- Strategic and Administrative Competence: Beyond understanding the cause, an organization must possess the skill—both strategic and administrative—to navigate the turnaround successfully.
- Commitment to Behavior Change: Implementing change is challenging, but it’s essential. Leaders must model behavior change from the top down, setting an example for the entire organization.
