Monday, September 19, 2011
BIG's Blog: How healthy is your organization?
How does one define organizational health?
In the book, Beyond Performance: How Great Organizations Build Ultimate Competitive Advantage (Wiley, June 2011), the authors suggest that organizational health is about adapting to the present and shaping the future faster and better than the competition.
How does one determine the health of an organization? Health represents both financial and operational performance. In a nonprofit, the net operating profit and expenses along with the revenue transferred to the mission determines the health of the organization.
What are your financial reports telling you? How healthy is your organization? In my upcoming blog series, I will share some thoughts on getting your organization in shape for the future.
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