A strategic plan provides a roadmap and outlines the path forward for an organization, answering the following:
- Who we are – what are we aiming to accomplish, our ‘future state’ vision for the world in which we operate, what problems we’re trying to solve and why those are critical issues
- What our major goals are for the foreseeable future
- How we’ll measure success
- The major ways we’ll reach our goals – ‘how we’ll get there’
- Our commitments – to ourselves and to the communities in which we work
A strategic plan is not a crystal ball – it doesn’t predict the future and therefore needs to be constantly revisited.
The best strategic plans are those that are: 1) grounded in diverse perspectives, 2) treated as a ‘living document.’
Below you will find our plan for 2018 - 2022, highlighting goals and what we did.
And we just finalized our new Strategic Plan! You can read more about it here.
Goal 1: Program Innovation
Establish and nurture innovative program design and implementation to build the health, wealth, and civic engagement of people in low-wealth communities in Miami-Dade County.
Some wealth-building and civic engagement programs that were created due to this are: Future Bound Miami, HEAL, LIGHT, small business TA, worker cooperatives, real estate investment cooperative, virtual tax assistance, etc.
Goal 2: Convene & Connect
Goal 3: Advocacy
Goal 4: Organizational
Build Catalyst Miami’s organizational and external capacity to successfully achieve its mission and strategic impact goals.
- For our staff, we created a stand-alone COO role and added data/evaluation/learning position, we also implemented an internal "executive coaching" program for managers, with focus on aspiring managers of color (already on 4th cohort); our communication team is on fire! (New website, developed text platform to communicate with our network, new donor collaterals, etc).
- We improved our technology for the organization—near seamless transition to virtual work.
- In regards to our Board of Directors, we diversified the composition of the board, added a Governance/Nominating committee, and adjusted its structure to increase engagement.