by Patrick Shaw
It’s been a crazy time for for and nonprofit agencies. Cost cutting, budget trimming, letting people go and more.
The for profit sector is “leading” the way -with job cuts announced by almost everyone, including an announcement from Microsoft today.
I just spotted this online report, though, and it gives me pause:
Microsoft posted a profit of $4.17 billion, or 47 cents per share, in its fiscal second quarter ended December 31, versus a profit of $4.71 billion, or 50 cents per share, a year earlier. Analysts were looking for earnings of 49 cents per share, according to Reuters Estimates.
-http://news.yahoo.com/s/nm/20090122/bs_nm/us_microsoft_16
Take a careful look. Microsoft posted a PROFIT of 4.17 billion dollars - but analysts wanted more -so - job cuts, reductions in the stock market, and so on.
While there are plenty of lessons that nonprofits can learn from the for profit community - this isn’t one of them. Imagine a headline that reads:
Local Food Bank serves 4 BILLION meals in 2008 - but analysts, expecting food service of 4.2 BILLION forces Local Food Bank to cut jobs.
Okay - this is a stretch -but you can see what I mean. Who is managing the expectations here, and what story is being told? And are they accurate?
So - what does this mean for your nonprofit?
- You need to tell your story effectively - on your website, in your email tag-line, in your e-newsletter and with your annual report. Are you telling your story or is someone else doing that for you?
- You need to make sure that your key stakeholders know what YOUR expectations are - and that you know theirs as well.
All told - that means that you should make sure that you have tools that help you with those outbound and in bound communications, so you can be proactive about your communication. A terrific website, an easy to manage e-newsletter tool, and a CRM that helps you manage your stakeholders will all help you manage expectations.