For-Profit and Not–For–Profit Explained 5 Can Social Enterprises Be Profit Making Organizations? 6 Benefits of a For-Profit Structure 9 Challenges of a For-Profit Structure 10 Conclusion 11 References 13 Introduction The idea of building a commercially profitable business that has a social cause at the core of its mission is gaining in popularity‚ especially as the need for innovation and sustainability within this sector becomes increasingly important. Many non-profit leaders
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Long Term Care Facility Long term care facility is a place where one can access health‚ supportive services‚ personal care helping them meet the needs of the frail older people or those who have no or limited capacity and ability for self-care. The limited care may have occurred through chronic illness‚ chronic injury‚ cognitive‚ physical or even mental disability or other health-related conditions. The services offered in the long-term care facility can includes the assistance with activities of
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of their customers and make a profit for its shareholders. We may define ‘Risks’ as uncertainties resulting in adverse outcome‚ adverse in relation to planned objective or expectations. In the financial arena‚ enterprise risks can be broadly categorized as credit risk‚ operational risk‚ market risk and other risk. Credit risk is the oldest and important risk which banks exposure and important of credit risk and credit risk management are increasing with time because of some reasons like economic
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the needs of the community. This paper will take a look at a community in on the south side of Chicago and the new development of a long-term care facility in the community. It will discuss the community’s need for the long-term care facility. It will discuss the type of population the long-term care facility serves. It will also give a description of the long-term care facility serving the older adults in the community.
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Page 1 Nonprofit Versus For-Profit Healthcare Organizations and Options to Improve Both of Their Images Hospitals in the United States first came into existence as “institutions of social welfare‚” to provide for the sick‚ the poor‚ and to treat diseases. These facilities were mainly run and supported by charities. (Barton‚ 2009‚ p.252). Over time‚ with America’s capitalistic society‚ the emergence of for-profit hospitals began to compete with non-profit hospitals. Similarities between the two
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facilities once care is done in hospitals (National Spinal Cord Injury Statistical Center at UAB‚ (2012). Outpatient rehabilitation programs are needed because hospital stays have declined bur 24 days to 11 days and then the inpatient rehabilitation went from 98 to 36 days. Many people begin their rehabilitation from a spinal cord injury in an inpatient long term rehabilitation facility which helps them learn how to use what they can of their strength‚ mobility‚ and learn new strategies to help them live
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The Service-Profit Chain Today by by James L. Heskett‚ W. Earl Sasser‚ Joseph Wheeler Relevance Today The service-profit chain (SPC) is as relevant today as it was when we wrote about it in “Putting the Service-Profit Chain to Work‚” in the March 1994 issue of Harvard Business Review. In fact‚ three of the co-authors of that article have since left the academy to apply SPC principles in the business world. Company Examples Highly successful companies like Bouygues Telecom in France (now
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SONGWRITER (AKA MUSIC PUBLISHING) INCOME STREAMS In today’s world your songs can generate money and royalties via the traditional “Physical/Analog” music industry or the new “Digital” music industry. There are in fact a minimum of 13 different and specific ways that you as a songwriter can make money off of your songs. Note – each income stream and type of royalty is generated from both the original recording of a song (i.e. the Beatles’ version of Paul McCartney’s song “Yesterday”) or off of a
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well as long term care‚ choosing home care or hospice as opposed to long term care can be the most appealing option. I believe the quality of life‚ comfort level and costs exceed any care given in a long term care setting. Growing old and receiving care in my home would be my first option. Right now with the economy as terrible as it is‚ cost is a huge concern to everyone‚ and comparing the cost between home health care and long term care the difference is phenomenal. A typical long term care facility
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The Stakeholder Theory: Aiding in the Long Term Success of Corporations Managers of corporations‚ big and small‚ must make decisions everyday‚ incorporating the appropriate ethics and also maximizing corporate profit. The two major theories in decision-making are the Stockholder theory and the Stakeholder theory‚ both of which I will be explaining. First‚ I will explain the Stockholder theory as a short-term profit oriented model with regards to business ethics decisions. Then‚ I will explain
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