FSG is a nonprofit consulting firm specializing in strategy, evaluation, and research. We were founded in 2000 as Foundation Strategy Group. Today, FSG’s international teams work across sectors by partnering with foundations, corporations, nonprofits, and governments in every region of the globe to develop more effective solutions to the world’s most challenging social issues. The goal is to help organizations and companies – individually and collectively – achieve greater and more effective social change. Working with many of the world’s leading corporations, nonprofit organizations and charitable foundations, FSG has completed more than 400 consulting engagements around the world. FSG regularly publishes research reports and papers, and influential articles in Harvard Business Review and Stanford Social Innovation Review. FSG is also frequently featured in The New York Times, Wall Street Journal, Economist, Financial Times, BusinessWeek, Fast Company, Forbes and NPR, amongst others Be sure to check out the Knowledge Exchange, an interactive hub for ideas, research, and discussions about social impact. Go to: http://www.fsg.org/Default.aspx.
Publication of the Week -- The Face-to-Face Book: Why Real Relationships Rule in a Digital Marketplace by Ed Keller and Brad Fay
Trend of the Week – Success Factors in Nonprofit Mergers
New research indicates nonprofit mergers can contribute to the stability of the nonprofit environment and that certain factors, when employed in the merger process, add to the mergers' success. Success Factors in Nonprofit Mergers, a study of 41 direct service organization mergers in Minnesota, is now available from MAP for Nonprofits and Wilder Research. Findings include:
- At least one merger partner in the majority of the mergers studied faced some financial problems pre-merger, however, overall the mergers were pursued for a combination of strategic and survival motives.
- In the short term, the merged organization’s cash position (current ratios) declined, however, the longer-term financial picture (debt ratios) improved.
- Nonprofit executives play a key merger role. Eighty-five percent of the mergers had an executive champion and 80 percent of the mergers had a departing executive (for example, a planned retirement.) This finding, combined with an expected wave of executive retirements in the next decade, points to a timely opportunity.
- Strong working relationships between nonprofit executives prior to merger was found to be a predictor of post-merger outcomes in service preservation, improved image and financial sustainability.
- Strong board involvement prior to merger was another predictor of positive post-merger outcomes, specifically in image or reputation.
- Communicating with and involving line staff in merger planning and preparations was positively associated with merger outcomes like service quality and expansion, financial stability, organizational reputation and alignment of staffing with needs.
- Involving funders in the process was found to result in positive outcomes, such as the preservation of services, financial stability and organizational alignment with client needs.
Resource of the Week – Free Business E-Books from Bookboon.com
Bookboon.com, founded in Denmark in 1988, publishes education related books for business professionals and students. In 2005 the company made a strategic leap and became the first book publishing company in the world to focus 100% on free eBooks. The books are about 50 pages long and they are tailored to be read in two or three hours, which is the available time a reader has on a flight, a train journey, an evening in a hotel or at home after the kids are put to bed. The books have a hands-on approach: you can read them today and use them tomorrow. The books, like many print an online publications, contain some display advertising To access the 500+ business book collection, go to: http://bookboon.com/en/business-ebooks
Tech Tip of the Week -- Display the First Name in Excel
Have you ever received an Excel list of names with the first and last name in a single cell? If you would like to display just the first name, try this:
For example, if your list (for example "NAMES") is in Column A, type this formula in column B (in our example "FIRST NAME"): =LEFT(A2,FIND(" ",A2)-1)
Copy this formula down to each row containing the names. But remember, the first names in column B are still a formula and can’t easily be moved or copied. You may want to copy the cells containing this formula back to their original position using Paste Special to convert the formula into a value:
· Right click and choose Paste Special from the short-cut menu
· Choose Values and click OK