Balanced Scorecards For Association
Source: Ascendant Strategy Mangement
Not-for-profit association faces tremendous challenges for successful performance. Unlike their for-profit sister organization, not-for-profit association business and governance model and decision-making authority are often much more diffused and ambiguous. Organizational performance in associations may be subject to as many unwritten business rules as it is to written procedures. Association consistency and continuity are challenging, since key volunteer leaders typically rotate in and out of office every 1-3 years. Yet, associations have the same challenging as for-profit organization to effectively and successfully fulfill their mission and vision, through their strategies and annual operations.