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Preparing for transition
Strategic Relationships in the Nonprofit Senior Living Field
Today, senior living organizations are more willing to think about affiliation as a strategy for growth, rather than a rescue.
White paper: Strategic Relationships in the Nonprofit Senior Living Field
Organizations considering a strategic relationship must determine whether joining together will sustain, strengthen, and potentially expand their missions. Deciding whether another organization is compatible in mission and purpose is a process that requires careful thought and planning. The first step is to define the objectives and articulate the circumstances or characteristics to avoid. Once the objectives are clear, the senior living organization can consider a range of tools and relationships to meet the overarching goal of sustaining its mission and possibly expanding it. This white paper is intended to help the decision-making process of senior living organizations by exploring a range of tools available to extend strategic reach.
With multiple options available and innovative approaches being considered each day, nonprofit senior living organizations are wise to first define the objectives to be met by an affiliation, then to consider the affiliating organization’s ability to meet those objectives. When there is an alignment both of values and objectives, the likelihood of a successful alliance are increased exponentially.