Managing a Profit Vs. Non For Profit Organization

Managing a Profit vs. Non for Profit Organization ReBecca L. Stock healthy Columbia College hornswoggle There be many facets to focusing of an physical composition. twain types of sanctioned corporations; a for wampum cheek and a non for profit arrangement. Its valuable to understand key differences and similarities from goals to responsibilities of these make-ups. Does vigilance of a paid establishment differ from management of a not for profit organization? If so, how and why? Keywords: for profit organization, not for profit organization. There argon two types of corporations, both legal entities formed for the usage of doing origin; profit and a non profit, or a not for profit. A non profit or not for profit organization are interchangeable words to constitute the corporation that is intended to however a purpose versus a for profit corporation that is for the service of its owners. (Nelson, 2002) A profitable companionship is one that is run for the purpose of profiting its owners. An example of a profitable organization would be McDonalds. McDonalds is in the business of selling hamburgers.

Managing a profitable organization requires the use of all management strategies, functions and skills from planning and delivering strategic value, to organizing, leading, and irresponsible (Bateman & Scott, 2011, p 2), as well as staying competitive and financially fit. Non profit organizations are typically those that take on a more affectionate responsibility, luck their community in the knit stitch of human social services and the greater social good. These o rganizations very much make out some gover! nment benefits in return for fetching on some responsibility that otherwise would replace the lineament of government. home ground for Humanity is a not for profit organization that comes to mind. They ready houses with and for those in need. Their corporation gathers donations, of things such as time, materials, and money, and the organization receives levy benefits and other...If you want to get a full essay, shape it on our website: BestEssayCheap.com

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