5 Considerations When Leaving Corporate for Non-Profit

04/16/2014 03.50 EDT

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This article originally ran on Non-Profit Information.  To view it, click here.   It’s an increasingly common trend: After making their mark in the corporate world, senior-level executives want to give back by taking on a leadership role within a non-profit. The good news is that 73 percent of non-profits surveyed said they value for-profit experience in candidates, and 53 percent have significant for-profit management experience represented on their senior leadership teams.   But the transition from corporate to non-profit comes with some particular challenges. Here are the five most common that executives mulling a transition should anticipate:   1) Understand that there may be many more stakeholders involved in a non-profit – and the opinions of each matter. The biggest adjustment for corporate professionals entering the non-profit world is often the number of stakeholders involved in a non-profit – each of whom has input to share. While corporate professionals’ primary focus is almost entirely on three groups (shareholders, customers and employees), non-profit leaders must consider a significantly larger audience that could include funders, employees, elected officials, patients or clients, families of patients and clients, alumni, etc.  Successfully navigating the various relationships of the non-profit world requires a careful understanding and concern for all parties involved.   2) Be prepared for a different culture at a non-profit. The culture of a non-profit generally has a far more collaborative leadership style than for-profit organizations.  Unlike the corporate world where decision-making typically rests with one individual or a small group of executives or directors,...