ProgramsNYU Wagner Capstone: Advocacy and Political Action (Fall 24' to Spring 25')ProjectsOrganizational Growth Strategy

Project Title: Organizational Growth Strategy

New American Leaders

Details
Project Title Organizational Growth Strategy
Project Topics Growth Strategy
Skills & Expertise Accounting and Consulting Financial Analysis & Modeling Recruiting & Talent Sourcing
Project Synopsis: Challenge/Opportunity
This proposal aims to outline a scaling plan for NAL to grow its operations from its current $3.2 million budget to a $5 million organization.The project will include developing a scaling plan aligned with NAL's theory of change and strategic plan, suggesting how we build internal capacity to support growth, and creating a risk management plan to identify and mitigate potential risks to NAL's expansion.

  • Challenge: The challenge is to scale New American Leaders (NAL) operations from its current $3.2 million budget to a $5 million organization. This requires careful planning and execution to ensure successful growth and expansion.
  • Opportunity: The opportunity lies in expanding NAL's impact and reach by increasing its budget and capacity. This allows NAL to better support immigrant and refugee leaders in public office, aligning with its mission and strategic goals.
Project Synopsis: Activities/Actions Required
a. Assessment and Planning:
  • Conduct a comprehensive assessment of NAL's current operations, including programs, staffing, and infrastructure.
  • Identify key areas for growth and expansion, aligning them with the strategic goals outlined in the strategic plan.
  • Develop a detailed scaling plan that outlines specific goals, strategies, timelines, and resource requirements for achieving the $5 million budget goal.
b. Capacity Building:
  • Assess NAL's current staff capacity, identifying areas where additional capacity is needed to support growth.
  • Develop a plan for building internal capacity, including hiring new staff, providing training and professional development opportunities, and creating volunteer opportunities.
  • Ensure alignment of capacity building efforts with the strategic goals of the organization.
c. Risk Management:
  • Identify potential risks to NAL's expansion, such as financial risks, operational risks, or risks related to programmatic growth.
  • Develop a risk management plan that outlines strategies for identifying, monitoring, and mitigating these risks, integrating it into the existing risk management framework of the organization.
  • Implement monitoring and evaluation mechanisms to track the effectiveness of the risk management plan and make adjustments as needed.
Project Synopsis: Expected Results
  1. Financial Metrics:
    • Increase NAL's budget from $3.2 million to $5 million, as outlined in the strategic plan.
    • Maintain financial sustainability and stability throughout the expansion process, ensuring alignment with the financial goals of the strategic plan.
  2. Operational Metrics:
    • Increase in the number of programs or initiatives offered by NAL, aligning with the programmatic goals of the strategic plan.
    • Improvement in organizational efficiency and effectiveness, as measured by key performance indicators related to program outcomes, stakeholder satisfaction, and operational excellence, supporting the overall goals of the strategic plan.
  3. Risk Management Metrics:
    • Reduction in the impact of identified risks on NAL's operations and growth trajectory, mitigating potential threats to the achievement of strategic goals.
    • Implementation of proactive measures to address potential risks, ensuring NAL's expansion is sustainable and successful, in line with the risk management objectives of the strategic plan.

Project Timeline

Touchpoints & Assignments Date Type

Program Kickoff

 Sep 12 2024 Event

Teams

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