The challenging environment in which American nonprofit theatres operate requires sophisticated financial management skills. Nacht Theatre Consulting (NTC) offers four valuable services on a project or retainer basis:
All of NTC’s financial services are designed to help identify and maintain successful nonprofit theatre strategy. Strategy, a word that is often used but infrequently defined, is a set of policies, activities and resource allocations, chosen in response to an organization’s mission and the forces at work in an industry. An effective strategy exploits competitive advantages for a clearly defined group of buyers. The purpose of strategy is to achieve and sustain superior economic performance in support of mission.1
1These definitions of strategy and its purpose are based on the work of James Phills, Jr. of Stanford University, Michael Porter of Harvard University, and Garth Saloner, Andrea Shephard, and Joel Podolny of Stanford University.