Deborah Hall About Me Page at Helium

Business > Nonprofits Similarities between nonprofit and for-profit businesses: 3 of 7

There are many similarities between for-profit and non-profit organizations. First and foremost, both types of organizations begin with a solid mission statement and a vision statement that drive the strategic planning process and remind all the members of the organization of their moral foundation. Nonprofits still need to run their agency like a business and report to a many stakeholders just like for-profit organizations do. Instead of stockholders we have a vast amount of stakeholders that hold us accountable. We are accountable to our Board of Directors, chosen from the private sector...
More..