The assessment of risk for a project of fundraising for Canadian Breast Cancer Foundation charity is best identified by SWOT analysis. SWOT analysis is a method applied for managing areas of risk and planning, as well as highlight areas within the project, which can be maximized for the benefit of the entire project. SWOT can also be used in specific areas in which competitive advantage can be gained.
SWOT is an important planning tool that assists anchor fundraising project in its context through highlighting risks. For example, competition from rival firms, resource shortages, as well as identifying or recognizing the strengths of the project that may mitigate the risks and the novel funding opportunities, which may previously go unnoticed.
SWOT analysis for Canadian Breast Cancer Foundation Charity
Strengths
Fund raising towards charities are always tax exempt and have volunteer staff within many roles. Volunteers may mean a huge saving to the project that is especially significant for a nonprofit organization. The BOD (board of directors) should always be made up of volunteers by law, which may be an advantage or strength to the project. Besides, if goods and services are donated, it can lead to low overheads as well as maximum profits or revenues for the charity. Moreover, the enterprises which supply goods and services can receive publicity, enhancing their reputation in the local area.
Weaknesses
Budgetary deficits and economic downturn can imply that firms and people are less willing to offer their donations. Public participation may not be guaranteed, consequently, start up costs and staff time may be wasted.
Opportunities
Any grant which a charity can be eligible for or entitled to is an opportunity. Many grants can be offered even at times of economic recession because fund raising towards establishment of a charity organization always enjoys alliances or groupings with other firms. For example, cause marketing, which is a strategy where part of the buying price charged is donated for a charity. Ideally, it always provides benefits to organizations and the buyer or purchaser, whose generous giving is facilitated.
Threats
Fund raising are vulnerable to economic recession or crises. Regrettably, benevolent giving is among the cash flows, which people cut back on at times of economic crises. Besides, weather may not be depended on as outdoor events like fund raising, may be affected if it rains.
