In our most recent blogs we talked about what business strategic partnerships look like, and we explored strategic partnerships between NPO and business.
If you already have some strategic partnerships in place, or you are investigating potential business strategic partners, we’ve come up with some helpful checklists to ensure that the relationship will be healthy.
Business-NPO Strategic Partnership Fit
☐ Shared mission alignment
☐ Business objectives understood
☐ Mutual value proposition
Business-NPO Strategic Partnership Governance
☐ Written agreements
☐ Defined roles
☐ Communication schedule
☐ Decision-making process
Business-NPO Strategic Partnership Finances
☐ Transparent budgets
☐ Reporting systems
☐ Sustainability planning
Business-NPO Strategic Partnership Impact
☐ KPIs defined
☐ Monitoring systems
☐ Evaluation timelines
☐ Social + business outcomes tracked
Business-NPO Strategic Partnership Relationship
☐ Trust built
☐ Executive buy-in
☐ Operational champions
☐ Regular review meetings
Business-NPO Strategic Partnership Growth
☐ Scalability considered
☐ Innovation opportunities
☐ Long-term planning
How did you do? Are there areas that you need to work on or reconsider?
Give EM Solutions a call if you’d like a mentor to walk you through your current strategic partnership model and relationships. A fresh pair of eyes can be very helpful.
We want to see you unlock your NPO’s potential and fresh partnerships.