My paper
Midterm 1 Review
60% MC, 40% SA
No case studies
Discussion questions NOT relevant
Charity – giving to meet current individual human needs or to alleviate current human suffering (immediate need)
In a self-perpetuating board, new members are selected by the existing members of the board.
An external selection committee picks an “appointed” board member.
The board is responsible for establishing the organization’s mission.
The CEO carries it out.
Duty of Loyalty – members of the board putting the interests of the organization above their own personal financial interests
Duty of care – board has a responsibility to monitor performance; be good financial stewards & to manage the board and make good decisions
Duty of obedience – board has a duty to carry out bylaws, policies, and procedures of the organization as well as laws.
Duty of care; duty of loyalty; duty of obedience are responsibilities of the board members
One way to induce board member performance is to limit term in office.
A benefit of strategic planning is that it provides a basis for rational decision-making.
This approach maintains that strategy evolves out of experience as the organization goes along, one decision at a time, buffeted by bargaining and the push-and-pull of its constituencies: Incremental approach
Analytical approach: basis of logic and in-depth analysis to formulate the strategy of the organization.
Visioning approach: leader’s vision and base the strategy on that. Take the vision and work backwards.
Mission approach isn’t a real thing.
Staff does the detailed work of producing an operational plan.
Strategic planning may not make sense for an organization that is in a state of crisis. Fix fundamental problems first before planning out future, etc.
Profitmaking activities taxed when:
1. Engaged in trader business
2. Do not relate to mission of the organization
3. When regularly conducted
a. EXAMPLE: Leasing out part of building that the
60% MC, 40% SA
No case studies
Discussion questions NOT relevant
Charity – giving to meet current individual human needs or to alleviate current human suffering (immediate need)
In a self-perpetuating board, new members are selected by the existing members of the board.
An external selection committee picks an “appointed” board member.
The board is responsible for establishing the organization’s mission.
The CEO carries it out.
Duty of Loyalty – members of the board putting the interests of the organization above their own personal financial interests
Duty of care – board has a responsibility to monitor performance; be good financial stewards & to manage the board and make good decisions
Duty of obedience – board has a duty to carry out bylaws, policies, and procedures of the organization as well as laws.
Duty of care; duty of loyalty; duty of obedience are responsibilities of the board members
One way to induce board member performance is to limit term in office.
A benefit of strategic planning is that it provides a basis for rational decision-making.
This approach maintains that strategy evolves out of experience as the organization goes along, one decision at a time, buffeted by bargaining and the push-and-pull of its constituencies: Incremental approach
Analytical approach: basis of logic and in-depth analysis to formulate the strategy of the organization.
Visioning approach: leader’s vision and base the strategy on that. Take the vision and work backwards.
Mission approach isn’t a real thing.
Staff does the detailed work of producing an operational plan.
Strategic planning may not make sense for an organization that is in a state of crisis. Fix fundamental problems first before planning out future, etc.
Profitmaking activities taxed when:
1. Engaged in trader business
2. Do not relate to mission of the organization
3. When regularly conducted
a. EXAMPLE: Leasing out part of building that the