Required Resources
Read/review the following resources for this activity:
- Textbook: Chapter 1
- Lesson
- Minimum of 1 scholarly source
Initial Post Instructions
As Rice (2018) notes, “the boundaries that formerly separated not-for-profit and for-profit organizations have blurred, leading to a greater exchange of ideas between the sectors” (p. 14). Choose a not-for-profit organization that operates in your community or in your career field. Next, choose a for-profit business that provides a similar service. Compare and contrast the mission of both organizations. How does each organization use resources to achieve its goal? Do the organizations benefit from any exchange of ideas?
Reference:
Rice University (2018) Introduction to Business. Retrieved from https://openstax.org/details/books/Introduction-to-Business
ANSWER
Not-for-profit firms exist to address an issue of public good but for-profit firms endeavor to fulfill the owner’s organizational objectives while maximizing profits. The ideas raised by Gitman et al., (2018) that the formerly existing boundaries between for-profit and not-for-profit firms have become blurred over time are accurate, considering the changes in business and organizational operations in the modern world. Drug addiction is a major societal issue in Florida and for-profit and not-for-profit firms have ventured into the sector to address the issue. Fresh…. To continue reading, click on the purchase button below.