Q1. Describe the major and minor pitfalls for nonprofits embarking on for-profit endeavors. How might mission, message, personnel, image, and organizational structure be affected by such an endeavor? Why should these considerations be discussed before embarking such a move?
Despite their designation as a nonprofit, many such altruistic organizations have sought out ways to finance their operations using for-profit endeavors. The reason for creating a for-profit subsidiary is relatively straightforward—it can be a more stable and sustainable source of donations. For example, “a not-for-profit health maintenance organization (HMO) creates a for-profit subsidiary to offer health insurance unavailable through HMOs” or “a university business school starts a venture capital company to fund worthy startups and give students a first-hand look at what makes businesses tick” (“The Lure of the Nonprofit Subsidy,” 2017, par.1). In the wake of the 2008 recession, such endeavors became more and more popular, as organizations sought to make up for the loss of revenue due to the downturn in the stock market and the fact that many donors no longer had the funds to keep charitable organizations solvent.
The problem, however, is that for-profit entities are primarily designed...
References
The lure of the for-profit subsidy. (2017). Maxwell Locke & Ritter. Retrieved from: https://www.mlrpc.com/articles/lure-profit-subsidiary/
awarding audit contracts by U.S. government departments and agencies Audit Management Red Rationale for and Objectives of the project main and secondary Desktop or literature search Rationale for Search Methodology LITERATURE/DESKTOP RESEARCH Authoritative sources Desktop Findings Justification for audits Evolving role of auditors Types of audit contracts Understanding the Audit Process Best practices and benchmarking Terminology Case Studies Audit management is a fundamental element in government accountability, control and performance management. Certainly there is justification within the Federal government to conduct audits of contracts for the
……How Veterans Can Make a Positive Impact on Workforce Development in the Construction IndustryABSTRACTThe U.S. construction industry faces significant workforce development challenges, mostly in terms of labor shortage. Addressing this challenge is important for meeting the present and future needs of the industry. Hiring veterans is a valuable way through which the construction industry may overcome the workforce development challenges it faces. In spite of the several initiatives introduced by
As Geisel (2004) notes: Income-tax deductions are worth the most to high-bracket taxpayers, who need little incentive to save, whereas the lowest-paid third of workers, whose tax burden consists primarily of the Social Security payroll tax (and who have no income-tax liability), receive no subsidy at all. Federal tax subsidies for retirement saving exceed $120 billion a year, but two thirds of that money benefits the most affluent 20% of
The "Dutch Test for Conflict-Handling," indentified my personality to have medium 'yielding' conflict style. This is consistent with my articulated belief that agreeability when handling conflicts is required, but not to the point that ethics are ignored. My test results on the "Big Five Personality" test thus support the notion that when handling ethical conflicts solving problems on a personal level and achieving a mutually beneficial solution is ideal.
Entrepreneurial Approach M1 - Discussion I have always thought entrepreneurship is just about starting a business. However, it is interesting to learn that entrepreneurship is more of a mindset or a behavioural tendency as opposed to just pursuing a business idea. It is a way of thinking characterised by the desire to create or exploit opportunities, take risks, to be innovative, and to grow. This mindset applies to not only individuals,
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now