Effective Stakeholder Management and Relations

Professional organizations engage in stakeholder relations to achieve their strategic objectives.  Stakeholders include members, corporate supporters, donors, government and the general public. Stakeholder relations involve sales and fundraising efforts, awareness, advocacy efforts and issues management. Successful relationship management is a key component of an organization’s member value proposition and requires an approach that builds trust…

Financial Reserves- How much should an association have?

I had a great question today from one of my favourite clients. They are a membership organization of about 1,000 members. They are in the fortunate position of being well-endowed with cash and their finance committee is trying to decide how much to set aside in reserves. Here’s what the CEO told me. “The committee…

2011 Benchmark Survey for Membership Organizations

This annual survey of membership organizations was conducted in January of 2011. Membership organizations are not-for-profit entities who have dues-paying members and whose primary activity is providing services to those members. There is very little data available for the membership organization niche. The purpose of this survey is to help to fill that void. The…