Large capital construction projects bring with them myriad risks, opportunities and potential disruptions to everyday life for both club management and the membership. As such, it is critically important that consideration is given to the individual roles and responsibilities of each member of the project
Bob’s Point of View: No James Collins, author of “Good to Great” in his nonprofit sequel, “Good to Great and the Social Sectors,” postulates that social sector organizations are not businesses in the business sense. In my opinion, he is spot on! Generally defined, a
The following may be used as a quick barometer to evaluate your club’s financial health: Maintain at least a break-even working capital. (e.g., current assets less current liabilities). Most clubs do not have large cash reserves. The reason is that clubs generally operate on a “break
OUTSOURCING IS a relatively new business idea first identified by management consultant Peter Drucker in 1989. Drucker advocated that companies should only seek to outsource in those areas in which it demonstrated no special abilities. In doing so, they could improve overall performance and achieve the
Information technology has progressed at an exponential rate. Intelligence, in the form of miniature chips or integrated circuits, is now incorporated into devices, appliances, machines and systems—with more applications coming online each year. With computing power becoming so pervasive and integrated into the physical world,
After years serving as a beacon of light in Detroit’s distressed downtown, the Detroit Athletic Club (DAC) is now a pillar of success in this resurgent community. Frankly, if you haven’t been to Detroit in the last few years, you’ve never really been there. Home
Truly effective boards focus on three key areas: strategy, finance and governance. Boardroom excellence is defined by focus and allocation of resources, such as time, energy and talent. Club members who choose to be servant leaders for their clubs are paid nothing, devote considerable time
As a general manager, chief financial officer or department head, it is imperative to embrace and own the story of your club or department—the intersection of its experiences, culture and where it is heading. An effective story supports the club’s mission and values and the
Chicagoland is home to many prestigious and thriving private clubs. To remain relevant, satisfy members’ expectations, and enjoy a bustling year-round clubhouse, clubs must contend with competition as well as with Mother Nature. After an ambitious renovation/construction project, members of Highland Park’s Exmoor Country Club
The decision on the best management for a club rests squarely on the shoulders of the members and the board. A membership that is closely aligned with the club’s mission and is truly dedicated to it, will have many members willing to serve. They will