Strategy for Operations
This part is very important as it is the basis for strategy implementation and execution.
1. Selection of Partner NGOs: proper screening should be done before attaching any NGO with the syndicate. The work profile and the projects the NGO has so far implemented must be studied carefully. In India, it has been a trend that many NGOs vanish after they get funds from the government. A large number of NGOs are blacklisted every year due to the malpractices. If we attach reputed NGOs with our syndicate, it will surely make our job quite easy in terms of visibility and sourcing of funds. But even if one of the NGOs gets blacklisted, it will be a very big setback for the syndicate in its initial year of operation. So this is one of the most important aspects of Operational Efficiency.
2. Prioritization in distribution of funds: the fund distribution among the various NGOs is a very big problem in itself. The Syndicate will have to decide the problem that it wants to tackle first so that there is proper allocation of funds. In the initial years this is going to be a major issue as the fund inflow will be less. Suppose the syndicate wants to concentrate on child development in the initial years. In that case it will have to divert more of its finances to those NGOs who are working for development of children especially in slums. So a proper strategy has to evolve in the initial years regarding distribution of funds. After few years of operation, it can have a pool of resources. In that case then it be more relaxed in distribution of funds. Also in this case the will of the financers should also be taken into account because in a large number of cases the financers want to provide funds for a particular type of projects.
3. Measuring Efficiency: Measurement of efficiency is one of the most important aspects in the initial years of the operation of an NGO syndicate. Since the Syndicate operates on funds provided by others, if the fund is not utilized properly and efficiently, then in that case the financers will stop financing the Syndic ate in the future. The good work done by the syndicate should be visible to all the financers as this will induce them to contribute more and also attach more financers. Also all the NGOs attached with the syndicate should be asked to provide details of all the projects undertaken by them and the beneficiaries of the projects. This will show the level of transparency existing in the organization and the progress report should be regularly send to all the financers so that they are aware of the projects their money is being spent into.
This part is very important as it is the basis for strategy implementation and execution.
1. Selection of Partner NGOs: proper screening should be done before attaching any NGO with the syndicate. The work profile and the projects the NGO has so far implemented must be studied carefully. In India, it has been a trend that many NGOs vanish after they get funds from the government. A large number of NGOs are blacklisted every year due to the malpractices. If we attach reputed NGOs with our syndicate, it will surely make our job quite easy in terms of visibility and sourcing of funds. But even if one of the NGOs gets blacklisted, it will be a very big setback for the syndicate in its initial year of operation. So this is one of the most important aspects of Operational Efficiency.
2. Prioritization in distribution of funds: the fund distribution among the various NGOs is a very big problem in itself. The Syndicate will have to decide the problem that it wants to tackle first so that there is proper allocation of funds. In the initial years this is going to be a major issue as the fund inflow will be less. Suppose the syndicate wants to concentrate on child development in the initial years. In that case it will have to divert more of its finances to those NGOs who are working for development of children especially in slums. So a proper strategy has to evolve in the initial years regarding distribution of funds. After few years of operation, it can have a pool of resources. In that case then it be more relaxed in distribution of funds. Also in this case the will of the financers should also be taken into account because in a large number of cases the financers want to provide funds for a particular type of projects.
3. Measuring Efficiency: Measurement of efficiency is one of the most important aspects in the initial years of the operation of an NGO syndicate. Since the Syndicate operates on funds provided by others, if the fund is not utilized properly and efficiently, then in that case the financers will stop financing the Syndic ate in the future. The good work done by the syndicate should be visible to all the financers as this will induce them to contribute more and also attach more financers. Also all the NGOs attached with the syndicate should be asked to provide details of all the projects undertaken by them and the beneficiaries of the projects. This will show the level of transparency existing in the organization and the progress report should be regularly send to all the financers so that they are aware of the projects their money is being spent into.
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