Effective strategy-setting makes it clear exactly what a charity is trying to achieve, and whether or not it has achieved it. This helps demonstrate efficacy to an external audience, enabling senior management and trustees to guide the future direction of the organisation.
To help understand what makes a good strategy, RSM has examined how charities in the UK are setting these increasingly important strategies and how their progress is reported. We have mapped the strategies, aims and objectives set by a diverse sample of 40 charities in England, Wales and Scotland and traced their reported progress against these goals over a period of five years.
|①||Almost a quarter produced annual strategies that were either substantively or literally identical each year.|
|②||The largest charities were more likely to adopt longer-term strategic plans.|
|③||15 per cent either abandoned, changed or completed their medium or long-term strategic plans before the conclusion of their intended timeframe.|
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