Strategic Planning for Business

Accounting for Strategic Planning with a Multi-Fold Process My vision for a nonprofit would revolve around empowering youth to exceed in life by teaching music production. The concept is relatively simple. I would utilize funding to procure both office space and equipment for the most relevant music production equipment available today. Such equipment typically consists of laptops, MIDI keyboards, microphones, and software programs. Then, I would offer after school training in music production for those in high school.

In order to enroll in these classes, however, students must maintain a certain grade point average. Thus, tutoring in formal academic classes is an integral component of this nonprofit as well. The mission statement for the organization is: Teaching children to succeed in music and in life. Strategic planning could benefit this organization in a number of ways. Firstly, strategic planning could provide the means for the initial start- up funding.

It is necessary to strategize about which loans and what sort of subsidies the organization could procure from both public and private entities while still maintaining its nonprofit status. Additionally, it is necessary to strategically consider and plan for the logistics of such an operation. These tend to include a potential location where one can procure office space and partitioning it into both tutoring and studio facilities. Naturally, one would have to plan what sort of subject matter experts are required and how.

Additionally, it is vital to consistently plan ahead for other funding opportunities, some of which could involve potential collaborations with other groups and entities in the music business, perhaps. Doing so could definitely have a positive impact on the future of the organization, because it could create the necessary public exposure to broaden the presence of this nonprofit. Were it located in an area in which the music industry is prominent -- such as L.A. Or New York -- such collaborative efforts could help to secure the organization's future.

As a current or future leader, I could help this organization address its concerns both individually as well as in tandem. For instance, I would begin placing advertisements and conducting interview for a new executive director -- starting with the people inside the organization. I believe that online advertising and revamping the company's website to reflect the newer and younger target audience of this organization is the best way to alleviate both of these concerns, as well as to enhance satisfaction among stakeholders.

Moreover, simply by appealing to youthful clientele and successfully marketing to such an audience the organization could create real public value because it would be able to work with younger students for a longer period of time than it typically has. The importance of strategic planning is multifold. Firstly, it enables organization to ensure that they have the resources that they need to continue to stay in business.