Mergers, Strategic Alliances and Collaborations to Sustain Programs
| Tuesday, May 5 | Wednesday, May 6 | Workshop Code MA1 9am — noon Sharon Historical Society 18 Main Street, Sharon, CT | Workshop Code MA3 9am — noon Henry A. Wallace Center at the FDR Presidential Library and Home 4079 Albany Post Road, Hyde Park, NY | Workshop Code MA2 2pm — 5pm Colonial Theatre 111 South Street, Pittsfield, MA | Workshop Code MA4 2pm — 5pm Gateway to Entrepreneurial Tomorrows 280 Broadway, Newburgh, NY |
Cost per participant: $20
Many nonprofit leaders face tough choices in today’s economy, particularly as they wrestle with the question of how to maintain quality programs while resources dry up. Merging or another type of strategic partnership might be the answer. This session will clarify the range of alternatives available. It will provide decision criteria to help executives determine whether a partnership strategy is a viable option for their organization and if so, which option has the greatest likelihood of success.Workshop topics will include:
Types of strategic alliances, relative benefits and challenges of each, implications for the “acquiror” and “acquiree”
Financial condition, organizational leadership, organizational strengths and limitations, window of opportunity Organizational readines, partner characteristics, financial, managerial, and operational capabilities, programmatic alignment, cultural fit, board, management and funder roles and responsibilities Merger Sharing resources Dissolution
KrasnePlows is a boutique consulting firm that specializes in mergers and partnerships, planning and restructuring, and leadership transitions. Founded in 2003, they help clients make critical decisions to maximize their impact and remain financially sustainable. They work as partners, combining clients’ deep program and organizational knowledge with their executive expertise and ability to apply business principles where most useful. KrasnePlows’ principals, Barbara Krasne and Judy Plows, offer a unique blend of executive perspective, results-orientation and objective viewpoint amassed from more than three decades in the nonprofit and for-profit sectors.
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