Impact Groups Strategic Planning

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Society perceives business as a limitless field for making money and gaining social coverage. It is partly rational, but some enterprises are created to solve more global problems without a financial background. Impact Group is a nonprofit organization committed to improving students quality of life and providing them with educational opportunities. Such a companys strategic management determines the dependence on investments, which must be attracted through a strong business model. In this way, Impact Group can fulfill its social mission by obtaining funding from interested foundations and individuals.

Strategic management is a multidimensional concept that includes actions to achieve organizational goals. In turn, nonprofit companies are unique business projects based on charitable social change. Impact Group is an enterprise that aims to provide financial assistance to students who cannot receive a quality education for particular reasons. Strategic planning for this organization is crucial since the possibility of stabilizing the needys economic status determines the necessity to attract investment. Interaction with a diverse audience among clients and investors determines the value of variation within the company. It is part of strategic preparation, as diversification allows for better understanding and satisfaction of community needs (McHatton et al., 2011). Consequently, the inclusion of minorities in leadership and executives is a business engine for nonprofit organizations. Besides, professional research is educationally relevant to the success of charity work. Impact Group should initiate an analysis of university and college systems and social structures around them to detail knowledge about the community. Thus, decisive planning covers the research of target customers and the achievement of rationality in decision-making.

Impact Group is a nonprofit organization that funds students in need. Providing educational opportunities requires careful research of the audience, their needs, and possible ways to enhance their quality of life. Strategic planning also covers diversity as a tool for understanding the target clients image. Thus, Impact Group should advocate for students on their way to education by funding their requirements and eliminating the need to work at the limit to pay for courses.

Reference

McHatton, P., Bradshaw, W., Gallagher, P., & Reeves, R. (2011). Results from a strategic planning process: Benefits for a nonprofit organization. Nonprofit Management & Leadership, 22(2). Web.

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Impact Groups Strategic Planning

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