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Article
Publication date: 2 January 2009

Daniel Stid and Jeffrey Bradach

Whereas the strength of most for‐profit enterprises is their management practice, a Bridgespan survey showed that non‐profits are best in visionary leadership, but often

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Abstract

Purpose

Whereas the strength of most for‐profit enterprises is their management practice, a Bridgespan survey showed that non‐profits are best in visionary leadership, but often significantly under‐managed. This paper aims to describe how a few charismatic leaders recognize the crucial importance of improving their management capabilities so the organization will deliver great results over time.

Design/methodology/approach

Examples of five leading non‐profits are presented to show how management strengths can be added.

Findings

Key points learned by successful non‐profits are: understand the tension between leadership and management; get strategic clarity to make it easier to see how to achieve the desired impact by setting priorities, establishing performance measures, and making tradeoffs; anchor strategic clarity in a few key metrics, to keep everyone focused; build and align the team; and actively manage the change process.

Practical implications

Implementing this agenda in the context of nonprofit leadership is difficult. A framework is offered that illustrates the shift that many non‐profits need to work through in order to become a high performing organization.

Originality/value

When asked, non‐profit leaders profess that visionary leadership (with a compelling case for a cause) drives fundraising and recruitment of volunteers. But their management to deliver long‐term results is not as strong. Organizations must find a balance, with the goal of becoming both strongly led and strongly managed.

Details

Strategy & Leadership, vol. 37 no. 1
Type: Research Article
ISSN: 1087-8572

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Article
Publication date: 19 June 2009

The purpose of this article is to study the role of “non‐profit” organizations. Examples of five leading non‐profits are presented to show how management strengths can be added.

1343

Abstract

Purpose

The purpose of this article is to study the role of “non‐profit” organizations. Examples of five leading non‐profits are presented to show how management strengths can be added.

Design/methodology/approach

The paper looks at how “non‐profit” organizations acquire sufficient funding to carry out their important work and how best to spend the money available to them.

Findings

Identifying a problem of many such “non‐profit” organizations as being strongly led but under‐managed, the paper offers a framework to help them change direction and become high‐performers.

Originality/value

Once a “non‐profit” organization has achieved strategic clarity, homing in on a small number of key metrics can be a powerful way to keep everyone in the organization focused on both the fidelity and implementation of the ultimate outcomes.

Details

Strategic Direction, vol. 25 no. 8
Type: Research Article
ISSN: 0258-0543

Keywords

Available. Content available
Article
Publication date: 2 January 2009

Robert M. Randall

360

Abstract

Details

Strategy & Leadership, vol. 37 no. 1
Type: Research Article
ISSN: 1087-8572

Available. Content available
Article
Publication date: 2 January 2009

Catherine Gorrell

83

Abstract

Details

Strategy & Leadership, vol. 37 no. 1
Type: Research Article
ISSN: 1087-8572

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Article
Publication date: 3 July 2023

Arfat Manzoor, Andleebah Jan, Mohammad Shafi, Mohammad Ashraf Parry and Tawseef Mir

This study aims to assess the impact of personality traits, risk perception and perceived coronavirus disease 2019 (COVID-19) disruption on the investment behavior of individual…

177

Abstract

Purpose

This study aims to assess the impact of personality traits, risk perception and perceived coronavirus disease 2019 (COVID-19) disruption on the investment behavior of individual investors in the Indian stock market.

Design/methodology/approach

This study adopts a survey approach. The sample comprises 315 active retail investors investing in the Indian stock exchange. Two-stage analysis technique regression and Artificial Neural Network (ANN) were used for data analysis. Study hypotheses were tested through regression and ANN was adopted to validate the regression results.

Findings

Two regression models were modeled to test the research hypotheses. Findings showed that risk perception and COVID-19 disruption have a significant positive and neuroticism has a significant negative impact on short-term investment decisions, while the role of conscientiousness in determining short-term investment decisions was not found significant. Results also showed a positive impact of neuroticism and conscientiousness and a negative impact of risk perception on long-term investment decisions. The role of COVID-19 disruption was found negative but insignificant in predicting long-term investment decisions.

Practical implications

This study has practical implications for many parties like retail investors, financial advisors and policymakers. This study will assist the investors to realize that they do not always take rational financial decisions. This study will suggest the financial advisors to use the knowledge of behavioral finance in making the advisors' advisory and wealth management decisions. This study will also assist the policymakers to outline behaviorally well-informed policy decisions to protect the interests of investors.

Originality/value

India is one of the fast-growing economies in the world. India has a vast population of active investors and determining investors' investment behavior adds novelty to this study as developed economies have remained the main focus of previous studies. The other novel feature of this study is that this study tries to assess the impact of COVID-19 disruption along with personality traits and risk perception on investment behavior. The other valuable factor of this study is the use of ANN to predict the relative importance of the exogenous variables.

Details

Journal of Economic and Administrative Sciences, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2054-6238

Keywords

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Article
Publication date: 1 April 1986

Karen T. Morris

A television comic announces a satiric Golden Fleece Award for the faux pas of some government official. The San Diego Chicken hams it up in the stands of the baseball park. A…

53

Abstract

A television comic announces a satiric Golden Fleece Award for the faux pas of some government official. The San Diego Chicken hams it up in the stands of the baseball park. A Swiss mime troupe advertises the services of a communications corporation. All these may be more familiar to young people today than is a circus clown. These and other entertainers are all in the business of laughter and provide commentaries on current society.

Details

Reference Services Review, vol. 14 no. 4
Type: Research Article
ISSN: 0090-7324

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