Profit vs. Not-for-Profit Organization A nonprofit organization is formed for the common good of the public. Nonprofit organizations are usually formed for some specific religious‚ charitable or educational purpose. A for-profit organization may be formed to conduct any number of lawful business activities. The primary reason to form a for-profit organization is to earn a profit for the owners of the company. Use of Profits Since a not-for-profit organization is formed to accomplish a specific
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Styles in Nonprofit and For-Profit Organizations? Submitted By: Dietrice Watkins Strayer University For: Professor Gerry Patnode Date June 21‚ 2008 Abstract Academic researchers have not found it important to attempt to complete studies based on leadership in non-profit organizations. A main problem that arises is that people tend to confuse the terms leadership and management with each other. Also leadership researchers tend to associate leadership in non-profit organizations
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For profit vs. not for profit organizations Melinda Colp AIU Online Healthcare Administration HCM630-1203D-01 Professor Michael Schmitt September 16‚ 2012 Non-Profit healthcare organization vs. for-profit healthcare organization “Hospitals can be non-profit‚ for-profit‚ and government-owned and/or operated” (Baker & Baker‚ 2006). There are different terms for each classification in how to report and handle the finances but the basics are the same for any type of business. Business
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Suggest the key financial drivers that most likely will cause health care organizations to merge. Provide support for your rationale. Cost is the driver that will most likely cause healthcare organizations to merge. Most healthcare organizations have issues with spending. Most industries today are faced with a variety of obstacles in achieving or remaining profitable. The healthcare industry is no exception. Profitability is enough of a challenge under normal circumstances‚ but especially so during
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Here I have demonstrated my knowledge of the function of financial literacy and the role of stewardship in the effective oversight and management of nonprofit organization resources. Nonprofit managers need to be able to solve a variety of problems. Knowledge and skills are the tools within the metaphorical tool boxes and will enable us to find the right situations. Having a large tool box will ensure we are able to fix a wider variety of problems ‚but knowing how to use each tool and when to the
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Funding the arts and arts organizations is often a concern of arts managers and‚ at times‚ a topic of debate. Every nonprofit arts organization spends much of their time ensuring that they have enough resources to meet their mission. When program revenue falls short of covering their activities‚ other public and private funding options are explored. When public‚ government funding is received‚ controversy may occur when an organization produces something that is viewed as offensive by society. Evaluating
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Financial Management in Nonprofit Organizations - Discuss financial management in nonprofit organizations and write an essay that compares and contrasts the application of financial management techniques in nonprofit and for-profit organizations. Sources of funds‚ use of debt‚ performance evaluation (efficiency in use of contributions and meeting the organization’s objectives)‚ governance mechanisms in non-profits‚ etc. would be good topics/issues for discussion in the essay. In order for
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The best option for a health care organization is to become a for-profit organization. CCFC has determined this by the following research that will be demonstrated in this paper (Carter‚ C.‚ n.d.). A nonprofit organization is primarily formed for a selected religion‚ charity or education purpose‚ while a for-profit organization is formed to earn a profit for its owners (Carter‚ C.‚ n.d.). A nonprofit organization is formed to perform certain tasks‚ and the profits of performing these tasks are
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HEALTH CARE ORGANIZATIONS * Laboratory Medicine (clinical pathology) * A medical discipline in which clinical laboratory science & technology are applied to the care of patients. * Comprises several major scientific disciplines: clin chem & urinalysis‚ hematology ‚ microbiology‚ immunology & blood banking‚ for some laboratories cytogenetics‚ toxicology & other specialized divisions are present. USE OF THE CLINICAL LABORATORY * Serve to educate the physician
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English 0900-11 Essay #2 Government Healthcare The overwhelming majority of Americans agree that reform of our healthcare system is necessary; debate continues to rage over what specific type of reform we need. Imagine having health care‚ and never to worry about getting the healthcare you need. This being available would give people a chance to live a little better. Having the government provide healthcare would be better for Americans. This type of health insurance would help the
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