FIN 380 Week 1 Individual Assignment Nonprofit Organization Overview

FIN 380 Week 1 Individual Assignment Nonprofit Organization Overview

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Organizational characteristics of nonprofit and for profit organizations:

The organization which we run for the sake of earning profit through various types of socially acceptable works is called profit seeking organization.

On the other hand, organization which provides services for virtue or for social welfare leaving the motive of profit through various socially acceptable jobs is called nonprofit organization.

Therefore there exist some significant differences between these two types. These are described below,……..

1. Passion for mission

It is the real strength for the nonprofit organization. Stuffs and workers have the gusto to work motiveless and ensure the ........

2. Atmosphere of scarcity

Most of the non- profit organization are ………

3. Bias towards formality, participation and consensus

.…………..

6. Mixed skill level

……..participation there exists a huge mixture of different skill level people whereas profit seeking organization has uniqueness in the field of skill level.(kaye)

Types of activities for non-profit and profit organizations

Relationship to organization mission to strategic planning

Bibliography

David, F. R. (2009). The business vision and mission. In F. R. David, Strategic management,concept and cases (p. 48). Prentice Hall.

Irwin Talesnick, C. B. (2009). NCBI. Retrieved july 23, 2013, from http://www.ncbi.nlm.nih.gov/books/NBK26418/

kaye, M. a. (n.d.). Eight charectaristics of non-profit organizations. Eight charectaristics of non-profit organizations , 1-4.