Overview

Our world is facing unparalleled challenges--slow economic growth, declining public and private funding, tight budgets, and rampant uncertainty. In this environment, the work of nonprofit organizations has never been more challenging--or more important. In No Margin, No Mission, Dr. Carter shows you how to apply leading business practices to grow a thriving nonprofit, even in these tumultuous times. In the best of times, many nonprofits drift while others find ways to capture their share of donations and gifts, government funding and reimbursements, and market share. Creating a thriving enterprise isn't an accident or a mystery. In this book, you'll find real world examples and practical methods to ensure your organization obtains needed resources, provides quality services, acquires and develops talent, influences donors, funders and policy makers, and reimagines your enterprise to capture emerging opportunities. Dr. Carter challenges you to shift your mindset. Rather than measuring success based on Return on Investment (ROI), you will learn to demonstrate your Value on Investment (VOI), showing the community how your organization makes a bigger difference than others. Instead of money made and profits banked, it's about money raised and people served. Articulating VOI is crucial if you want to gain stakeholder engagement and commitment of both time and treasure to achieve your organization's mission. If you're serious about building your nonprofit's sustainability and resilience, and of learning to measure and manage your VOI, then No Margin, No Mission is essential reading.

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Dr. Carter is the president of the Value Growth Group, which specializes in value enhancement and growth opportunities for organizations. His proven experience in strategy, business development, operations, organizational effectiveness, and finance helps organizations grow and improve product and services that lead to increased market value. Prior to leading the Value Growth Group, Dr. Carter was a senior vice president and member of the executive leadership team for the Federal Reserve Bank of Minneapolis. He has over 15 years of executive leadership experience in creating winning strategies, implementing successful organizational change, developing innovative customer solutions, identifying unnecessary and redundant costs through robust operations analysis, and leveraging data-driven assessments for growth opportunities. He led Treasury Services through multiple consolidations and won the competitive bidding process to become the sole customer contact center and operations support for savings bonds and Treasury marketable securities for the U.S. Department of the Treasury's Bureau of the Fiscal Service. He is also an adjunct professor in the Labovitz School of Business and Economics at the University of Minnesota Duluth, and in the Leadership and Change MBA program at the College of St. Scholastica, where he teaches strategic management and strategic leadership and change. Dr. Carter serves as the Chair of Northwest Area Foundation, which is a half-billion-dollar foundation that supports people, organizations, and communities in an eight-state region to reduce poverty and achieve sustainable prosperity. He received a Doctor of Education in organization development and an MBA from the University of St. Thomas, and a bachelor's degree in agriculture business from the University of Minnesota.

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