Hallmark #1: Takes More Risks than It Avoids
The following tools will help you transform your nonprofit into an organization that takes more risks than it avoids.
- Don’t have a Risk Management Committee yet? Thinking about one? Take a look at the article, “About Risk Management Committees” from the library of articles available from the Nonprofit Risk Management Center. The article describes the value of a risk management committee, what its role is and who might be asked to serve on the committee. Click here.
- To encourage creative risk-taking among staff and volunteer leaders:
- Consider including a statement about risk-taking in the goal-setting process for staff and volunteer leaders. For example, an individual employee’s goals (or the board’s goals) might include:
- Identifying at least one upside risk (opportunity) that ABC Nonprofit should consider in the coming year, evaluating them and recommending one for implementation.
- Consider including a statement on risk-taking in staff and volunteer position descriptions under the section labeled, “responsibilities include:” and also in position descriptions for board members, such as:
- “Identifying ways that ABC Nonprofit can take risks in order to achieve its ambitious mission.”
- “Providing leadership to ABC Nonprofit by fostering “out of the box” ways of serving our clients that will propel the organization’s mission forward.”
- “Encouraging informed and thoughtful risk-taking among direct-reports.”