Managing a Profit Vs. Non For Profit Organization

Managing a Profit vs. Non for Profit Organization

ReBecca L. Stockwell
Columbia College

Abstract
There be many facets to management of an physical composition. Two types of legal corporations; a for wampum cheek and a not for profit arrangement. Its valuable to understand key differences and similarities from goals to responsibilities of these make-ups. Does management of a profitable 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 describe 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 company 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 social responsibility, serving their community in the knit stitch of human social services and the greater social good. These organizations very much enjoy some government benefits in return 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 build houses with and for those in need. Their corporation gathers donations, of things such as time, materials, and money, and the organization receives tax benefits and other...If you want to get a full essay, shape it on our website: Orderessay



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