Introduction
In the present business environment, organizations need adequate funds so as to operate effectively and efficiently. The financial strength of an organization enables them to have a competitive advantage over their competitors. Since most organizations main aim is profit maximization, all their activities are geared towards raising of funds. Organizations should therefore engage in activities that increase their income. There are several activities that organizations engage in with an aim of funds generation (About.com, 2011).
Though the organizations aim at profit maximization, they are always guided by their mission statement. In the process of deciding on which activities to involve in so as to raise money, the organization has to consider some factors. The processes should not affect the relation between the organization and general public (About.com, 2011).
An organization can raise funds through donations. An organization may attract donor funding depending on their activities and the mission statement. Organizations that mainly enjoy the donor funding are mostly the non-governmental organizations the highest of the beneficiaries being the non-profit organizations. These organizations attract donor funding by engaging in social services geared towards assisting the needy and the less fortunate (About.com, 2011).
An organization may also raise money through loans from the financial institutions. The organizations financial reputation greatly influences the amount a financial institution can grant them. Organizations that seem to generate more income are likely to receive recommendable assistance from such institutions.
The most common way of raising money for organizations has been through promotions. O...
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...efore important in the determination of objectives and their implementation. These are greatly influenced by the environment, development stage and the type of organization (Vijanbe, 2011).
References
About.com, (2011). How Corporations Raise Capital. Retrieved from:
http://economics.about.com/od/smallbigbusiness/a/corp_capital.htm
Vijanbe, (2011). Types Of Business Environment. Retrieved from:
http://vijanbe.blogpot.com/2011/02/types-of-business-environment.html
QuickMBA, (2010). Competitive Advantage. Retrieved from:
http://www.quickmba.com/strategy/competitive-advantage/
OECD, (2011). Competition. Retrieved from:
http://www.oecd.org/topic/0,3699,en_2649_37463_1_1_1_1_37463,00.html
Investopedia, (2011). Economics Basics: Monopolies, Oligopolies and Perfect Competition.
Retrieved from: http://www.investopedia.com/unversity/economics/economics6.asp
Many people have begun to question how they use the money they raise. About 81% of their funds are put towards their programs and services, while more reputable charities are usually
"Knowledge Base: How Do I Start a Nonprofit Organization?" GrantSpace. N.p., n.d. Web. 07 May 2014.
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Being identified as a nonprofit, doesn’t necessarily mean it will be a charitable organization. Though the term has been applied to most nonprofit organizations, the fact is most nonprofits is structured using the economic model. The economic model is based on the traditional model of management designed to deal with the complexity of managing an organization (Bradshaw & Hayday, 2007, p. 4). This model acquires funding from multiple sources such as; individuals, government grants, corporations, and foundations. Though an nonprofit organizations may be identified by the Internal Revenue Service (IRS) as tax-exempt, it may use the same economic model and framework as a for-profit organization. According to Brainard & Siplon, (2004), the nonprofit economic model often mimics that of the private sector by using organized professionals to help determine the goals and vision of the organization (p. 439). It is widely believed that most nonprofits use the economic model along with an aggressive...
The VJG has resources to raise funds, but it does take effort, time, and money to do this. Roshi Bull-Turner is the Development Associate of VJG, and it is her responsibility to manage the resources from the fund-raising events efficiently and effectively for the camp. This paper will look at the fund-raising aspects. Are there enough corporate donations to keep VJG running? Has VJG advertised enough for the employees of corporations to donate?
Weinstein, S. (2002). The complete guide to fund-raising management (2nd ed.). New York: John Wiley & Sons.
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The manager should be able to select and know these factors. As organization is created systems by people, the internal factors are mainly the result of management decisions. Not all of the internal factors are completely controlled by the management. Organization is influenced by many environmental factors. In the new millennium we have to learn how to live in a market economy. And the most important condition for this is a highly skilled managers. Ability to identify and analyze the internal elements of the organization and external factors is the key to the success of the business. The main factors in the organization that require management attention are objectives, structure, tasks, technology and people. An organization can be seen as a means to achieve the objectives that allows people to perform collectively what they could not carry out individually. Goals are desired outcome, which aims to achieve a group working together. The main objective of most organizations is profit. Income is a key indicator of the organization. People are the basis of any organization. Without people there is no organization. They shape the culture of the organization and its internal climate. They determine what the organization is. Manager generates frames, establishes a system of relations between people and include them in the process of