CHAPTER 3

Risk Management Frameworks

Introduction

Imagine a person who tries to eat spaghetti with her bare hands and also assume that she has not seen a fork in her life. The only way she knows to eat spaghetti is to use her fingers. She may still get the same taste as anybody else, but obviously the eating process will be messy and inefficient. A simple tool such as a fork that is probably developed by the scientists of ancient era may make a huge impact. The messy and inefficient process of eating spaghetti may transform into a high performing and delicious activity.

Many—if not most of the—nonprofit organizations face similar problems every day. We can think about daily operations and other management practices as the spaghetti nonprofit ...

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