Commercial property and casualty insurance premiums are usually significant expense items in a club’s budget. As such, it is beneficial for clubs to diligently evaluate the options available to them in the marketplace and have a process in place that will yield the best outcome. Since 2008, more clubs are taking
Philanthropy in the United States, which exists in many forms, has seen substantial growth since the 1980s. Guidestar lists more than one million foundations on its website. Even with the recession, Americans continue to contribute in record numbers to charitable organizations. Baby Boomers contribute a bigger share of
Women’s traditional role in society has been evolving for decades, and according to the Bureau of Labor Statistics, almost 40 percent of working wives now earn more than their husbands. Women began graduating from college in greater numbers than men in 1985 and a recent article in USA
The rigor with which a club’s admission process is developed, nurtured and applied articulates the quality of the club and its members’ intentions. Unlike business or professional organizations that may be legally required to be open to all vocationally qualified individuals, or groups with public
Congratulations—your nominating committee provided a great slate of candidates for the club board and now you have a new group of directors to bring up to speed. Hopefully, the candidates were provided sufficient information about the time commitment and expertise required to be a successful
What is Disruptive Innovation? Historically, “disrupters” are visionaries who grasp how an existing idea, product or service can be improved upon, produced for less or made more accessible to millions. Take Apple for example. The development of the iPhone has given consumers a way to
No matter the size or type of club, boards play a critical role in the success of the organization as a whole. One of the ways in which a board can, and should, monitor how much it is achieving is through frequent performance assessments. This
Authoring this column provided an opportunity to stop and reflect on my point of view of the club industry of yesterday, today and tomorrow. I took this chance to consider and share how my perspective fits relative to the broad club industry in America. While
Leveraging the combined talents of its directors, a club’s board can greatly increase the club’s long-term success. Unfortunately, not all boards are able to attain that level of focus or cohesion. This year, the National Club Conference features a special half-day of club governance programming
In any business, strategic leadership demands consideration of one essential question: How can we deliver value to our customers in a way that fulfills our financial objectives? The answer to that question shapes the company’s business model. In most cases, it’s fairly simple—a company creates