The Application of Financial Management in nonprofit and For-profit Organizations

The Application of Financial Management in nonprofit and for-profit Organizations The financial management in nonprofit organizations is similar to the one carried out in for-profit organizations; nonetheless, there are a number of key differences on the financial management of nonprofit organizations as explained below. Fund accounting A key difference between the two is the focus of the organizations. In for-profit organizations, the financial manager is more concerned with profitability and maximizing the value of the shareholders. In a nonprofit organization, the primary goals is to satisfy a particular need for the target society on an ongoing basis (Seidner, Zietlow, & Hankin, 2013). Nonprofit organizations do not have the financial flexibility seen in other commercial enterprises since they are not involved in exchange transaction. For-profit organizations are free to use their resources in any way that maximizes shareholder value. This is unlike nonprofit organizations which must show stewardship in the use of resources most of which are donated resources. Thus in the latter, resources...
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Management Project

Management Project   There are a number of external indirect forces that may impact the decision of managers in Qatar University. These include socio-cultural factors and political and legal factors. The socio-cultural factors are those factors within the society that have a significant impact on the feelings, thoughts, and behaviors of individuals. Socio-cultural factors play a great role in determining the ratio of men to women in the University. Although majority of women have acquired university degrees, only about 35 percent are engaged in the workforce, with the number declining significantly when it comes to women in leadership positions. In 2009, only about 3 percent of women held leadership positions (Fenton, 2012). This is due to socio-cultural factors where men believe that women should not hold leadership positions. This may impact the decision of managers to appoint a female leader in the institution. The political and legal factors also indirectly impact the decision of managers at Qatar University. The government may come up...
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 Information Systems in Organizations

Questions Compare each organization's use of information systems to help manage internal operations and to make decisions. Assess how these two organizations use information technology for competitive advantage. Appraise the individual and organizational consequences of the use of information technology, and recognize potential security breaches and computer crimes. Answer  Information Systems in Organizations Compare each organization’s use of information systems to help manage internal operations and to make decisions. Information technology has massive influence to the organizations performance. Hilton hotels and Wal-Mart are good examples of best organizations in their field of expertise. These two organizations are able to operate more efficiently and effectively due to usage of information systems, making them very successful. The number of employees has relatively decreased due to use of information systems. Fewer employees are able to handle more tasks due to effective systems. Example, clerical officers in the two firms are able to quickly run data regarding their stocks in different databases within a short while. Managers are able...
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Unit 1: Introduction to Strategic Management

Unit 1: Introduction to Strategic Management The nature and value of strategic management is to achieve the desired results and outcome due to careful research (environmental scanning), planning and development of a company’s strategy as well as the implementation and maintenance of it (Pearce & Robinson, 2013, p. 3). For this week's Assignment, you will complete a short answer on the following question: ● Why is strategy important to business? ● You will want to address the main components of the (three-tier process) of the strategic management process while discussing the importance of strategy for business. Be sure to use your reading this week as a resource. You are encouraged also to use the Library databases and the Internet as additional resources. For additional details on this Assignment view the Rubric below. Reference: Pearce, J. A., & Robinson, R. B. (2013). Strategic management: Planning for domestic & global competition. (13th ed.). New York, NY: McGraw-Hill. ID: MT460-02-08-A Assignment Checklist: ● Explain the concept of the strategic management (three-tier) process. ● Discuss the importance of having a future...
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Effects of Legislation on HR Outsourcing

Effects of Legislation on HR Outsourcing

Effects of Legislation on HR Outsourcing In recent years, more companies are turning to human resource outsourcing as a way of cutting costs. In response to this, the local, state and federal governments have established regulations curtailing outsourcing. These regulations have come to be known as anti-outsourcing laws which are common in many states (Jamieson, 2012). State legislation of outsourcing is meant to curtail outsourcing. Between the years 2003 and 2004, the number of bills seeking to reduce outsourcing rose tremendously from 4 to over 200 bills. Additionally, over 20 states were already seeking approval to pass the bills into law (“Thomson Reuters,” 2015). All the bills were meant to curtail in different ways outsourcing. Most states have already passed legislation curtailing HR outsourcing. Possible consequences passed by these states include class action litigation and legislative initiatives that curtail outsourcing. For instance New Jersey’s S.494 law curtails the performance of service contracts outside of the U.S. (“Thomson Reuters,” 2015). The law only...
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  MGT 460 Leadership Priorities & Practice

  MGT 460 Leadership Priorities & Practice

Question This paper will be an application of the leadership practice concepts learned throughout your degree program to a real-world situation. In an eight- to ten-page paper, discuss one significant organizational challenge within your organization or an organization you have researched. How did the leadership of the organization address the challenge? Could it have been done more effectively? How would you recommend future leaders strategically plan to avoid encountering a similar challenge within their own organizations? Provide suggestions for overcoming the challenge based on your own research and concepts presented in your degree program and grounded in leadership theory. Some challenges to consider would be (but are not limited to): an ethical challenge, a challenge occurring because of changes in the economy, a globalization challenge, or a challenge of organizational culture. Please request instructor approval of the challenge you would like to use as your focus before beginning your paper. The Final Paper should, at minimum, include: A description of the organization and...
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Leading Organizational Change (MGT460)

Leading Organizational Change (MGT460)

Task The world we are living in today is full of immense changes. One of the tasks required to be performed by organization leadership is to lead organization in a certain way in order to ensure that the whole organization is dedicated to change. The leadership should also ensure all the support mechanism are there in order to sustain the change. This paper the student is tasked with doing research on industries that are currently experiencing marketplaces and demographic changes. Example of these industries are publishing industry, entertainment, bookstores, brick and mortar. Once the student has choose one industry from above you are then required to explain how would you apply Kotter’s eights steps toward leading change within that organization. Leading Organizational Change Sample paper Brick and Mortar Industry The world is experiencing growth and expansion of e-commerce. This has resulted to a constant decline of sales in brick and mortar stores, in different parts of the world, as e-commerce makes most products available to customers...
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Goal-Setting Framework (MGT460)

Goal-Setting Framework (MGT460)

Goal-Setting Framework (MGT460) paper is about a case study on the Los Angeles Tribune, which is a big newspaper publisher that needs several management issues addressed. These problems include the following Paper cost is rising. Rising distribution cost. Revenue that circulates going down also. Clients purchasing advertisements locations are less because of new online listing services like craigslist. The client's age is 40+. The paper will construct a goal-setting framework that will mainly focus on the above issues.   Goal-Setting Framework (MGT 460) Sample paper Los Angeles Tribune is a large, though struggling newspaper publisher that distributes its papers in the entire region of Los Angeles. The tribune is currently experiencing a number of problems that need to be addressed. Three of the problems that will be addressed in this case include the rising cost of distribution, reduced circulation revenue, and the rising cost of paper. The company focuses on setting goals to determine the best strategies to address the identified problems. The goal setting process,...
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