Charities need to think more like digital start-up companies

first_img Howard Lake | 18 July 2014 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Charities need to think more like digital start-up companies Tagged with: corporate Management National Fundraising Convention  42 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1center_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 Charities are going to need to think more like start-up companies – coming up with lots of ideas to test – if they are to keep up with the speed of advances in digital technology.Presenting a session on digital fundraising at the Institute of Fundraising national convention last week, Dan Martin, from digital agency WPN Chameleon, said charities did not have the resources to be on every digital platform.“There is absolutely tonnes of stuff out there – so many platforms from social media to smart TVs – that we can’t catch up because it is going to fast and we should not even try – it is a losing battle,” he said. “More important is to deliver a great experience by sticking to the established platforms.”Charities ought to match their digital media to their strengths in providing content – for example, if a charity has a lot of images, then Pinterest is a platform it should consider.[quote align=”right” color=”#999999″]’We can’t catch up because it is going to fast and we should not even try'[/quote]The key to keeping up with advances in digital technology was to think more like a start-up company, which develops and brings to market a lot of new ideas knowing that only a few will succeed. Martin said that charities were currently “generally less sophisticated” than early adopters, such as retailers, of new digital ideas.“So thinking like an organisation such as Google in the future will be important for digital fundraisers. That means generating and taking to market ideas that are not yet perfect – sticking stuff out there to see if gets the take up.“You’ll need to plan to fail with some of these, but as Mark Zuckerberg [founder of Facebook] said, it’s better to be done than perfect.” Photo: start button by Naypong on Shutterstock.comlast_img read more

Rupiah to strengthen further as foreign investors make comeback: Bank Indonesia

first_imgTopics : Bank Indonesia (BI) expects the rupiah to strengthen even after the currency returned to levels seen before the COVID-19 crisis, as foreign investors make a comeback on the back of a global economic recovery.The rupiah has rebounded by almost 15 percent since the end of March to reach 13,877 per US dollar on Friday, Bloomberg data shows, erasing most of the losses it recorded in the first three months of the year amid fears of the outbreak.“Foreign investors’ confidence in Indonesia’s economy is getting better as reflected by rising capital inflow into government bonds,” BI Governor Perry Warjiyo told reporters in a live-streamed news conference on Friday. “The rupiah remains undervalued and will strengthen further.” The central bank reported Rp 18.67 trillion ($1.33 billion) in net inflows, mainly in sovereign debt papers, from the second week of May to the first week of June. From April 1 to May 14, BI recorded $4.1 billion in net inflows.“Our foreign exchange reserves will increase this month, driven by a strengthened rupiah and capital inflows,” Perry said, adding that relatively better market conditions from three months ago reduced the need for the central bank to conduct a market intervention.The central bank has bought up to Rp 166 trillion in government bonds in the secondary market during the first quarter of 2020 to stabilize the rupiah and another Rp 26.1 trillion to support budget financing needs, boosting the central bank’s ownership of government bonds to Rp 445.4 trillion.“We believe that BI’s policy measures will continue to cushion the rupiah in the short-term,” researchers at Fitch Solutions wrote in a research note. “Moreover, a forecast narrowing in CAD in 2020 due to slightly cheaper imports will also add to investors’ confidence in Indonesia’s fundamentals.”However, they warned that risks remained for the currency as Indonesia continued to record new COVID-19 cases while facing a limited healthcare capacity.“The government’s initial mismanagement of the COVID-19 outbreak led to a collapse in investors’ confidence in the country’s assets, including the rupiah.“Downside risks will continue to emerge from the COVID-19 outbreak in Indonesia. As we have noted, cases across Indonesia continue to rise at a rapid pace and the country has limited healthcare and financial resources to deal with a widespread outbreak.”center_img The rupiah is still undervalued as the country’s credit default swap had yet to fall into pre-pandemic levels, while its current account deficit narrowed and inflation remained low, Perry explained.The currency crashed to its worst level of 16,575 against the greenback during the 1998 financial crisis on March 23, when fears over political unrest prompted investors to dump Indonesian assets. They dumped US$10.34 billion worth of assets in the first quarter, according to Finance Ministry data.The government and the central bank have pledged to strengthen its cooperation and measures to ensure macroeconomic and financial system stability. BI decided to hold its benchmark interest rate at 4.5 percent last week, despite room for further easing to maintain financial market stability.The financial market is currently being buoyed by hopes of an economic recovery as Jakarta, Indonesia’s financial hub and an engine of growth for the economy, will begin to reopen the economy with offices, restaurants and retail outlets permitted to open from June 8 under strict health protocols.last_img read more

Coaches Lament on Impact of AFN Conflict

first_imgIkhaobomeh urged those involved in the conflict to dialogue and resolve issues in the best interest of the nation.The coach said that quick resolution of the conflict would encourage athletes to put in their best in preparation and participation .According to him, concflicts will not encourage sports development.“The crisis in AFN can affect Nigeria’s preparation for Tokyo 2020 Olympics.“If truly money was released but not given to athletes, it will affect the psyche of the athletes and their preparation for the Olympics,” he said.“What some of our athletes experienced at the All African Games hosted by Nigeria in 2003, killed their passion for running for the nation“The issue has always been the welfare of the athletes,” Ikhaobomeh said.He, however, commended the AFN Board for good performance.“The current board, for me, scores 55 per cent performance in 2019, though lack of funds affected Nigeria’s performance in major international events.“There is need for the board to put its house in order to do more,” the coach said.Coach Tunde Suleiman told NAN that AFN experiencing a conflict few months to Olympics would do harm for the nation’s participation in the Olympics.Suleiman called on the board to resolve the conflict fast.“I believe this is a needless crisis in AFN; they just need to drop ego and work together, it is a collective thing, everyone is important.“In the interest of coaches and athletes, we all need to move on and think of how our performance in Tokyo 2020 will be better than those in previous Olympics.“That is my opinion; when most countries’ preparations are at the peak for the games, we are here fighting one another and forgeting the interest of the nation and the athletes,” he said.NAN reports that two factions are laying claim to the leadership of AFN.One group is led by Ibrahim Gusau, while the other group is led by Olamide Gorge.The 2020 Summer Olympic Games will start from July 24 and end on Aug. 9 in Tokyo.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Some athletics coaches have expressed worry that conflict in the Athletics Federation of Nigeria (AFN), if not resolved fast, might affect Nigeria’s preparation for and participation in the Tokyo 2020.Some of the coaches, who spoke to the News Agency of Nigeria (NAN) in Lagos, said that parties involved in the conflict should consider the interests of the nation and the athletes.Coach Osagie Ikhaobomeh appealed that the conflict rocking the federation should be resolved fast to ensure Nigeria would do its best at the Olympics.last_img read more