Managing a Profit Vs. Non For Profit Organization

Managing a Profit vs. Non for Profit Organization ReBecca L. Stock sanitary Columbia College gip There be many facets to circumspection of an physical composition. cardinal types of reasoned 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 focussing of a advantageous establishment differ from management of a non 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 secernate 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 fraternity is one that is ru n for the purpose of profiting its owners. An example of a profitable organization would be McDonalds. McDonalds is in the business of exchange 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 loving responsibility, table service their community in the knit stitch of human social services and the greater social good. These organizations v ery much fuck some government benefits in r! eturn for fetching on some responsibility that otherwise would replace the lineament of government. habitat for Humanity is a not for profit organization that comes to mind. They take a leak houses with and for those in need. Their corporation gathers donations, of things such as time, materials, and money, and the organization receives evaluate benefits and other...If you want to get a full essay, shape it on our website: BestEssayCheap.com

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