Q1. Explain the differences between cost-effectiveness and performance management. Which performance elements are essential for assessing financial soundness of a nonprofit? Although sound financial performance is clearly critical for an organization to flourish, cutting costs is not synonymous with performance management itself. An organization can be maximizing its cost effectiveness but not necessarily its performance. Performance management sets specific goals for employees. Goals must be measurable to be clear and effective

). However, when an employee sees that his or her employer is stepping up and trying to do something that the employee wants or needs, instead of just what is good for the company and not the employees, motivation can result. People need to feel that they matter to their employer. Few people are content with only receiving monetary compensation for the work that they do for their boss. They are

NONPROFIT BOARD GOVERNANCENonprofit Board Governance and Organizational SuccessBoard governance in nonprofit settings could be conceptualized in terms of the provision of strategic direction as well as leadership to a nonprofit entity. More specifically, Laughlin and Andringa (2007) are categorical that board governance in this case has got to do with �the combination of systems, guidelines, and processes used to make decisions, hold decision makers accountable, and take action� (74). From

Nonprofit Board Term Limits Nonprofit Board Limits An Analysis of the Influence of Board Term Limits on Non-Profit Organizations There has been a significant amount of debate in the literature about what constitutes good corporate governance in regards to establishing term limits on members of the board of directors in non-profit organizations. The debate ranges from arguments that propose that any kind of term limit is unnecessary and could hinder the overall performance

Grants for science education are provided to schools and individuals, with the objective of helping to inspire careers in science. ("About HHMI," 2010) When you put these different elements tougher, this shows how HHMI is involved in medical research funding from: working directly with researchers to providing funding on a host of projects and initiatives. This is important, because it allows the nonprofit to fund a number of different

Management Account in the Public Sector and Management Accounting in the Private Sector: A Comparative Review The late 20th and early 21st centuries have brought increasing change to almost every country in the world, Australia included. Globalism describes, in fact, the increasing unification of the world through economic means (reduction of trade barriers, support of international trade, and mitigation of export and import quotas). They goal for globalization is to increase