The charitable has definitely felt the effects of the financial crisis and continued recession, experiencing decreases in giving for the first time in decades. With tighter budgets to work with, nonprofit organizations need to more strategic that ever when allocating funds.
In this edition of Smith Business Close-Up with the University of Maryland’s Robert H. Smith School of Business, S. “Raghu” Raghavan, professor of management science, discusses how nonprofits can be systematic when allocating budgets.
Dr. Raghavan’s research focuses on quantitative decision making techniques, specifically on helping organizations improve their operational efficiencies. In this regard, he has worked extensively on resource allocation problems in a wide spectrum of industries including information technology, telecommunications, supply chain, as well as with non-profits.
Smith Business Close-Up is co-produced by the Robert H. Smith School of Business and Maryland Public Television. The television segment focuses on the latest thinking in business management, and features in-depth interviews with Smith School faculty and other members of the school’s community of business leaders.