THE BALANCING ACT OF MANAGING FINANCIAL LIMITATIONS WHILE ACHIEVING MISSION SUCCESS: A STUDY OF NONPROFIT ORGANIZATIONS
The challenges faced in balancing financial sustainability with mission-driven objectives due to limited resources and competing demands are relevant to nonprofit organizations (NPOs) as much as business organizations. This research aims to explore the complex landscape of analyzing resource allocation, decision-making processes, and stakeholder engagement faced by NPOs, using research methods involving survey, interview, and literature reviews. This study further investigates how NPOs manage funding limitations with other key areas of focus, including the impact of resource constraints on program delivery, the role of stakeholder engagement in decision making, and the effectiveness of different funding strategies. The findings reveal a significant relationship between robust stakeholder engagement and increased donor support. Moreover, effective resource allocation is associated with enhanced organizational performance. Although NPOs frequently face the challenge of balancing short-term financial requirements with long-term strategic goals, adept stakeholder management and strategic resource distribution can greatly enhance organizational sustainability and impact. The goal is to offer practical insights for NPOs and their leaders to enhance performance while maximizing social impact. It also contributes towards a better understanding of the factors influencing NPO sustainability and for the creation of effective policies and support mechanisms.
Authors
- P Daniels Joseph
- Praveen Kumar (ORCID: https://orcid.org/0000-0001-6789-4828)
Publication Details
- Published
- 2025-01-01
- DOI
- https://doi.org/10.24867/future-bme-2024-020
- Primary Topic
- Religion, Society, and Development
- Type
- article
- Field-Weighted Citation Impact
- 0.00