Your institution's activities have been growing over the past years and you managed to become self-sustainable (independent of certain donors). Your institution gained a good reputation and wide-spread recognition from your members and the outside world. There is now a wish from the institution's management team and from your "clients" to enlarge your scope of activities (geographically, range of activities, target groups, etc.).
What do you have to consider before rushing into new areas, activities or market segments?
a) How to rate your new ideas and/or expansion plans? - Market research, Business Idea
b) What would these changes mean to your organisation's strategy and resources? - Business Development, review your Business Plan
c) What exactly are you going to offer? - Operational Plan, Programme Plan
d) Do you have the necessary funds for expansion? – Programme Budgeting, Financial Management & Fundraising
e) How to find the right people and develop the necessary skills and know-how? – HR Management
f) Will you comply with law and regulations? - Bylaws, Audit, Guidelines & Controls