My Dad wrote a great article that went up on the Harvard Business Review’s business blog this morning. This piece looks at the importance of a mission statements in the non-profit world. Nice work, Dad!
“Mission” for nonprofits is the same as “profits” for private sector companies. In the private sector, corporations achieve their goals by carefully designing business operations that are reflected in a budget and then regularly reporting on how actual profits compare to that budget. If mission accomplishment is as important as profit attainment, why do most nonprofits not spend equivalent time in mission creation and monitoring?