Guide / Toolkit
Strategic Management Toolkit Overview (From Mission to Action: Management Series for Microfinance Institutions)
An overview of a toolkit that supports MFIs strategic management and double bottom line
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8 pages
This document provides an overview of the Strategic Management Toolkit developed by the Microfinance Centre for Central and Eastern Europe and the New Independent States to help microfinance institutions (MFIs) professionalize their strategic management processes and improve their double bottom line. The toolkit is based on the Balanced Scorecard methodology and includes:
- A handbook that provides an in-depth description of the strategic management processes;
- A facilitators guide with step by step instructions for implementation.
The paper provides a detailed summary of the implementation process and the strategic management process and of the balanced scorecard methodology by using diagrammatic representations. In conclusion, it summarizes the benefits of using the tool as follows:
- Adhering to the mission in the context of fast growth or transformation;
- Staying competitive through clear positioning in different markets;
- Engaging the staff to support fulfillment of the mission;
- Informing stakeholders about strategic progress to foster their long-term support;
- Supporting development and professionalization of MFI management.
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