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ERIC Number: ED526316
Record Type: Non-Journal
Publication Date: 2011-Nov-11
Pages: 8
Abstractor: As Provided
Reference Count: 12
ISBN: N/A
ISSN: N/A
A Strategic Approach to Board Involvement in Financial Resource Development
Herrmann, Siegfried
Online Submission
The new strategic paradigm of resource development described in this paper recognizes that there are a number of important resources, in addition to financial ones, that are important to support the mission and to achieve the vision of a nonprofit organization, such as a college or university. It acknowledges and utilizes board members, with useful abilities, talents and experiences, as important resources. Under this new paradigm effective CEOs involve their boards in the learning process of monitoring opportunities and challenges of the organization's external environment. This strategic approach also suggests that the CEO seeks the involvement of the board in the development of a vision statement for the organization. This process allows board members to have a better understanding of the specific resources that are needed to achieve the vision and supporting goals.
Publication Type: Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A