Nonprofits don't get enough credit for their savvy strategic thinking. They have to sustain themselves and secure growth just like any private enterprise. But they must do it with tighter budgets, tougher restrictions, and higher standards for transparency and accountability.
It's an impressive achievement that nonprofits are able to balance boldness with prudence so successfully. But it's also a challenge. When every dollar of every donation or grant matters, nonprofits can't afford to make bad bets or hasty decisions. Otherwise, they could put their mission, reputation, or future in jeopardy.