Operations Management Non Profit Organization - 2143 Words

Question 1: provide a definition/ description of strategic planning process, addressing the critical issues/questions the process takes into account. Answers (a) Strategic planning process is an organization’s process, which is designed to identify a long-term goal or direction to develop the organization, and put into practice. Strategic planning guides conversations about an organization’s purpose, helps integrate perspectives from multiple stakeholders, and provides the steps to develop goals and objectives that will move the organization’s forward. (b) The specific issues would be various due to different standards and analysis techniques which applied to strategic planning. However, generally it is critical to cover these aspects†¦show more content†¦Answers a) Roles of Nonprofit Board and the Executives Nonprofit board The nonprofit board has multiple roles and responsibilities. The most common and fundamental of these are the legal and fiduciary duties that apply to essentially all governing boards. Legal duties of board The board of directors is the primary group of people entrusted with and accountable for leadership and governance of the nonprofit corporation, which is authorized by a state to be formed for the purpose of engaging in some form of public service. A nonprofit board and its members have three fundamental duties: Duty of care Duty of loyalty Duty of obedience The fiduciary responsibility of boards Fiduciary responsibility is the responsibility to treat the resources of the organization as a trust, and the responsible board will ensure that these resources are utilized in a reasonable, appropriate, and legally accountable manner. In general, the appropriate exercise of fiduciary responsibility includes Adoption of a set of policies to govern the acquisition and use of financial and other resources Establishment, on a regular basis (usually annual), of a budget that allocates financial resources to the programs and activities that will accomplish the organization’s mission, vision, and goals and outcomes(preferably, in alignment with a strategicShow MoreRelatedAccounting And Financial Reporting Methods894 Words   |  4 PagesIntroduction A non-profit organization is an organization exempted from making tax payments and its main objective is to offer the public with services without making any profits. It can be classified as a charitable, religious, educational or scientific organization (Strydom Stephen, 2014). Its excess funds are not shared among its stakeholders as cash dividend; rather they are reinvested back to the organization in the pursuance of its objectives. On the other hand, the sole purpose of the for-profit organizationsRead MoreY-M-C-a! a Business Overview of a Non-Profit Organization Essay1723 Words   |  7 PagesOverview of a Non-Profit Organization Crystal Hunter American Intercontinental University Abstract A semi-detailed business overview of the non-profit organization known as the YMCA or Young Men’s Christian Association is discussed. A brief history of the origins of the company is detailed along with the definition or explanation of the company’s mission statement. The organization’s basic legal, social, and economic environment is described. Likewise the YMCA’s management structure, operationalRead MoreThe Critical Areas Of Responsibility Of Non Profit Boards878 Words   |  4 Pagesis it important for non profit organizations to have established mission, Vision and values? Vision is organizations ultimate (main) aim and mission shows how they are going to accomplish this aim. Values show the integrity and the way organization members and staff works. These things are very important for a non profit organization to gain public trust. (Seel, 2014) 2.List and briefly describe the seven critical areas of responsibility of non profit boards. a. EstablishingRead MoreNon-Profit Organizations Essay923 Words   |  4 PagesIn today’s world there are hundreds of thousands of non-profit organizations (NPOs) established at the local, regional, national and international level, and their influence is increasing. Non-profit organizations even considered the third sector of the economy (the first two is the public and private, or commercial). It is believed that they have a special role in development of civil society. In those countries, which have largely shaped the system of legislative regulation of the sector (USA,Read MoreAnalysed Contemporary Health Issue. Essay865 Words   |  4 Pagesdisease impacts the healthcare organization from a business point of view, whether differences do exist between how profit organizations and non-profit ones are impacted by the above disease, perspectives and responsibilities of financial management staff and the rules and regulations financial management could possibly address conce rning diabetes. Both profit and nonprofit organizations are affected by diabetes in many different ways. The way non-profit organizations manage finances creates a uniqueRead MoreTeaching A Program Of Change Within The Individual s Life926 Words   |  4 Pagesoffered opportunities to participate in monthly group activities and outings. Description of Operations plan (1) Operations: Operations management focuses on how you combine resources and activities to produce outputs and outcomes, which you can then monitor and evaluate by comparing them with the performance indicators you have set. Through making these comparisons you can see which aspects of your operations work well and which need to change. You should use the following items to insure successesRead MoreCash Flows654 Words   |  3 Pagesused to pay for things. Cash flow analysis removes non-cash flow items from the income statement (such as depreciation) and this allows management to understand better the actual business conditions. There are many instances where the net profit fluctuates, but the cash flow from operations does not. That the net profit is subject to variance from non-cash items, including from writedowns, highlights the importance of adding cash flow from operations to the analysis. In addition, the cash flow analysisRead MoreHuman Resource Management And Best Practice880 Words   |  4 PagesHuman Resource Management and Best Practice Most organizations strive for efficiency because it is one of the best means of achieving higher labour productivity and or sustainability. Increase labour productivity is usually a measure of increase profitability. The changing, complicated, competitive and, global nature of doing business makes it more difficult to achieve these objectives. Organizations have to think and act strategically. Ulrich’s strategic partner model of HRM offers a good blueprintRead MoreAnalysis of Contemporary Health Care Issues769 Words   |  4 Pagesit will lead to measureable improvements in care outcomes, and in the health of the American general public overall. Non-profit/Profit While non-profit organizations dominate the delivery of health services, there are more than a few for-profit organizations that remain affected by health care spending as well. By having Obama Care in place, non-profit and profit organizations can possibly see an increase by way of earnings and consumers. The CEO of See Change Health; Martin Watson, made a statementRead More1.As A Board Member, What Information Would You Need To1395 Words   |  6 Pagesconsidered or not. Understanding public stance on palliative care would also inform how fast the Memorial hospital disclose the matter to the public before the whistleblower shares the information to the press. Lastly, I need information regarding for-profit Palliative Care (PC) service provider’s readiness to agree on the Memorial hospital preconditions so that the hospital consider selling the PC unit. Preconditions like striving to maintain the reputation of the hospital, readiness to enroll patients