Monday, June 8, 2009

Nonprofit Innovation

In a recent e-magazine article, Ruth McCambridge, Editor in Chief of the Nonprofit Quarterly wrote about nonprofit innovation and shared an article about the Colorado Rural Housing Development Corporation (CFHCD). From both, it was clear, that nonprofits who successfully innovate learn that:
  • One size does not fit all –but all no matter their size can innovate
  • It helps to look at options and study them in-depth, i.e., CRHDC's conducted two years of national research on the lease to purchase program before creating one
  • Stay flexible and open to opportunities in your markets, you can learn an immense amount even during economic turbulence.
  • No nonprofit takes advantage of every opportunity and· What works is to grab hold of your best opportunities now and understand that if you fail to take advantage of one --not to worry. Others will arrive shortly.

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