famous work on for-profit strategy is Porter’s “Competitive Strategy”. He defines strategy as: “developing a competitive strategy is developing a broad formula for how a business is going to compete‚ what its goals should be‚ and what policies will be needed to carry out those goals” (Porter 1980‚ p. xvi).Five decades of practice and research have been focused on strategy for for-profit organisations. Applying strategy concepts from this for-profit perspective to the non-profit world is challenging
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Healthcare Organization Study: A Case Study over United Healthcare Grand Canyon University- NRS-451V March 30‚ 2014 Healthcare Organization Study: A Case Study over United Healthcare The United Healthcare is recognized as a “Charter Medical Incorporated founded by a group of physicians and other health care professionals” in 1974 used to expand health coverage choices for clients whose commission is “helping people live healthier lives and helping to make the health system work better
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LITERATURE REVIEW A High Performance Organization is an organization that achieves results that are better than those of its peer group over a longer period of time‚ by being able to adapt well to changes and react on these quickly‚ by managing for the long term‚ by setting up an integrated and aligned management structure ‚ by continuously improving its core capabilities‚ and by truly treating the employees as its main asset. We can also define High Performance Organization as the combination of self-managing
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Established by Dr Mthembu‚ Indoni is a non-profit organisation (NPO) that is aimed at preserving the beauty and richness of the different cultures found in South Africa by teaching the youth about them. The organisation wants to use the different cultures to help develop‚ and guide young people; to show them how to use these cultures as a source of income and expose them to a number of opportunities that come with the knowledge of these cultures. For a while non-profit organisations‚ did not feel they
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Hello‚ my name is Grant Markley‚ and today I would like to take a few minutes of your time to discuss the affordable healthcare act‚ better known as obamacare. There is a great deal of misinformation regarding the act‚ which has lead to many misconceptions of it. In this speech I intend to shed light on the act and its provisions in relation to our current healthcare system. Give us your tired‚ your hungry‚ your huddled masses yearning to breathe free. Those few powerful words
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accounting profit figure is simply a measure of the true profit of an organisation.” Discuss. In order to assess whether the accounting profit is a measure of the true profit it must first be shown that there is such a thing as true profit. If we decide there is‚ we then need to know what it is exactly‚ in order to assess the extent to which the accounting profit reflects this true profit figure. Before studying this module I believed that the true profit was essentially the accounting profit calculated
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Have you ever wondered how not-for-profit organizations are not-for-profit? Or how not-for-profit organizations can operate at an accounting profit but still be considered a not-for-profit organization? Over the year’‚ not-for-profit organizations have had many changes in rules and regulations set forth for not-for-profit organizations to abide by. There are three major financial statements involved with not-for-profit organizations and one voluntary financial statement‚ plus four key governmental
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Goodworks non-profit. You are currently reviewing the internal controls over donations that are sent directly to Goodworks in the form of checks. Your review reveals that the checks are promptly endorsed "For Deposit Only‚ "but no list of the checks is prepared by the person opening the mail. The mail is opened either by the mailroom employee or by the employee who maintains the accounts receivable records. Mail receipts are deposited in the bank weekly by the manager of Accounts Receivable. Discuss the
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Both not for profit and for profit companies have many similarity and differences. A lot of companies start with the intent of making a profit. These companies also pay taxes and are called profit or for profit companies (Rodwell‚ & Teo‚ 2013). Other companies‚ while they can make a profit begin with the intent of helping others. These companies are not for profit or non-profit organizations. Nonprofit organizations are not allowed to make a profit‚ and do not pay taxes‚ but they might generate
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The Difficulties with Government Funding and Non-Profits Although there are numerous difficult obstacles that face non-for profits today‚ nothing is more problematic to obtain than government funding. Although it is obvious that non-profit arts organizations absolutely thrive on all sorts of donations and funding; it is not always an easy task to receive the necessary funding from the government. Not only is the difficulty of receiving funding a factor‚ but many people don’t want their hard earned
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