The nonprofit corporation exists solely to provide programs and services that are of public benefit. Often these programs and services are not otherwise provided by local, state, or federal entities. While they are able to earn a profit, more accurately called a surplus; such earnings must be retained by the organization for its future provision of programs and services. Earnings may not benefit individuals or stake-holders. Underlying many effective nonprofit endeavors is a commitment to management. Twenty years ago, the term "management" was distasteful to many of those involved in nonprofit organizations because of its connotations of "business." Non-profits prided themselves on being free of the taint of commercialism and undue consideration of the bottom line. Now a consensus has developed within the nonprofit sector that nonprofits need management as much as for-profit enterprises. The nonprofits are, of course still dedicated to "doing good." But they also realize that good intentions are no substitute for organization and leadership, for accountability, performance, and results. Those require management and that, in turn, begins with the organization's mission.
1.1 Origin of the report:
The report prepared on “Non profit organizations: Basic overview” was a individual work given by our course instructor Mr. Golam Mohammad Forkan. It is in the course of marketing management (MKT 453) as a part of the syllabus. I have asked to submit this report by May 21, 2009.
The main objective of the report is to analyze the basic over view of a nonprofit organization, its characteristics, nature etc.
I have approached to internet, some journals newspaper etc. for information. Still some information could not be achieved which could have enhanced the report. The most important draw back of mine was time.
Basically this report is based on secondary data. I have to depend on internet, some... [continues]
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