La Piana Consulting recently surveyed past restructuring clients, asking: What changed after you explored, negotiated, or implemented a strategic partnership?
The results are powerful. Respondents reported positive impacts on their program range/scope and quality as well as their financial health and board culture — with 92% of those who implemented a strategic alliance describing it as successful. Some noted new visibility in their communities and increased interest from funders and collaborators. Importantly, even organizations that did not move forward with a formal partnership found the exploration process valuable. Here are the key takeaways and reflections from the field, along with related resources on nonprofit management and strategic partnerships.
