Verified Document

Profit Management Principles And Stakeholders/Major Term Paper

Marilyn E. Lashley, "Even in Public Television, Ownership Changes Matter," (Communication Research, 19:6 (December 1992), 770-86.

Ledbetter, James. (1997). Made possible by. . .: the death of public broadcasting in the United States. London: Verso.

Paletz, David L. (1998). The media in american politics: contents and consequences. New York: Longman.

Public Broadcasting Service. (2010). "About pbs." Retrieved from

Major Directives

Behind any successful non-profit organization is a set of governance principles, and the better instructed leadership is in these principles, the more effectively the organzation may fulfill its mission. Number thirty-one of Pointer and Orlikoff (2002)'s governance principles (p. 59-63) outlines the triple "core roles" of a board. In order to effectively govern the organization, a board must fulfill policy formulation, decision making, and oversight. These roles provide a focus for governance so that management has room to implement the major directives.

In my experience, sticking to these roles would have been helpful to my board. Many times board members would bicker about the methodology of implementing principles, killing the chance to make a solid decision. This left management with little sense of control and authority. The board has a very idealistic role, and has the unique ability to realize the big-picture mission....

One time we in the board voted to change one member's position from governance to management not because we didn't like her ideas, but because she was more effective focusing on implementation than discussing the general direction of our organization.
Decision-making is the sometimes unenviable role of the board. The team atmosphere allows for a huge number of options to be available, but the challenge is to pick the best. Individuals must not see themselves as spearheads or sponsors of any one decision, but each member of the board must be equally responsible for the outcomes of our decisions.

Oversight does not mean management. Rather, it means goal-setting and accounting for the totality of an organization. When we oversee that our stakeholders are being satisfied, we reward management and continue to support our current decisions. Sometimes, we have had to audit a manager's work, but instead of regular investigations, we respect the methods that a manager chooses to use, so we can focus on results.

The board should stick to these core roles in order to stay sane and not over-reach the mission. If the mission sets the bar too low, the board will become distracted; if the mission is impossible, the board will have to review the principles that it stands upon.

Works Cited

Pointer, D.D., & Orlikoff, J.E. (2002). The high-performance board. San Francisco: Jossey-Bass.

Sources used in this document:
Works Cited

Pointer, D.D., & Orlikoff, J.E. (2002). The high-performance board. San Francisco: Jossey-Bass.
Cite this Document:
Copy Bibliography Citation

Related Documents

Management Organizational Stakeholders Organizational Stakeholders...
Words: 676 Length: 2 Document Type: Essay

Types of responsibilities an organization has to stakeholders This article is subject to the responsibilities that the organization has towards the stakeholders. They include both external and internal stakeholders. Internal stakeholders refer to the shareholders who are the management and employees. External stakeholders refer to the community, credit competitors, suppliers and consumers. The employees are considered significant stakeholders. The employees remain in a subservient position in the organization regardless of the

Challenge of Managing All Stakeholders in the Context of a Merger...
Words: 23212 Length: 80 Document Type: Term Paper

Managing All Stakeholders in the Context of a Merger Process Review of the Relevant Literature Types of Mergers Identifying All Stakeholders in a Given Business Strategic Market Factors Driving Merger Activity Selection Process for Merger Candidates Summary, Conclusion, and Recommendations The Challenge of Managing All Stakeholders in the Context of a Merger Process Mergers and acquisitions became central features of organizational life in the last part of the 20th century, particularly as organizations seek to establish and

Management in Business Operations and Performance
Words: 12446 Length: 45 Document Type: Term Paper

Integrating Total Quality Environmental Management Systems - a Critical Study of TQEM Relevance of TQM to Environmental Management Scope of Dissertation Moving from Reactive to Proactive Management Understanding TQM in Relation to TQEM History of TQM Operation of TQM Quality and Environmental Management Standards Environmental Management Systems Weaknesses of EMS Standards Total Quality Environmental Management Comparing ISO 9000 and ISO 14000 Integrating the ISO 14000 Environmental Management System Demographics Impact of certification on economic and ecological performances Research Design and Nature Integrating a Sustainable EMS with

Strategic Management
Words: 2212 Length: 7 Document Type: Essay

Management Principles Management and organisational structure are two key elements to the success of any corporation. The organisational structure defines how management will govern the company, by defining the chains of communication and formal authority that managers will use to define tasks and allocate resources. The first step in understanding this process is to get a basic sense of what management is, and what managers do. Then, studies of Virgin and

Management Accounting Is an Important Factor That
Words: 1154 Length: 4 Document Type: Essay

Management accounting is an important factor that helps organizations to map their future directions through providing managers with necessary information for the establishment of strategies that ensures all inputs, processes, and outputs are in line with the organizational goals. Through the information provided by management accounting, managers access information that is critical in formulating policy, making comparison between alternative situations, and evaluate and examine performance. While management accounting has similar

Management Accounting There Are Several
Words: 928 Length: 3 Document Type: Thesis

This will help mananagement to understand how sensitive the organization is to changes in the sales mix. Such information is helpful when determining future strategy and spending decisions. The sensitivity analysis can also help is determining the ideal degree of operating leverage. In general, the greater the leverage the greater the sensitivity of the organization to change. Understanding the effect that operating leverage has on the business is one of

Sign Up for Unlimited Study Help

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