Strategy For Non-For-Profit Organizations

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Recommended: The summary of what strategy is

Organizations short and long-term goals for the future are predicted through strategy. Strategy refers to the plans by management that develop and sustain the advantage, so the organization can fulfill the organization’s mission. When you use strategy four key distinctions are marked. One is that when top managers systematically study both resources and external factors of the organization that can affect performance. Second, is that long-term and future-oriented strategy is built on the past and present knowledge that is of several decades and years. Third, always seeking for the advantages of favorable situations that occur within the community of the organization and are opportunistic. Finally, is the choice. Winning decisions are possible, but some involve trading off in the short run. The status of an organization stability is based on an unequal status relationship (Hofstede & Minkov, 2010). Economics bring about a change in every organization. …show more content…

Non-for-profit organizations has resulted in a huge increase for community services. Non-for-profit organizations are supported by donations. That comes from individuals or cooperate donors. With non-for-profit organizations profits has declined and funding for competition has increased (Impact of the Economic Downturn on Not-For-Profit Organisation Managment , 2009). If an organization is not managing the profile base of the organization then income can become affected. Small non-for-profit organizations seems to decrease in hard times and bring together large groups of individuals that are more stable (Impact of the Economic Downturn on Not-For-Profit Organisation Managment , 2009). Large non-for-profit organizations can change the outlook or appearance of hard times depending on the supply an organization work. Downturn in the economy is synonymous for less profit which transfer into less donations to

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