In the not-for-profit sector, it is common to see failing associations just close up and restart a few years later. HRINZ is what can easily be called a turnaround success story. What state was the association in when you first came on board in 1998?
In 1998, the Institute of Personnel Management of New Zealand (IPMNZ), as it was formerly known, was on the verge of closing and disappearing forever. Yet, it was not until the auditors had come in did the Board and management team truly realise the severity of the situation. The organisation had been living off the following year’s subscription income and living beyond its means for some years; all the previous surpluses were exhausted....
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