Identifier

104

Date

2017

Document Type

Honors Thesis

Degree Name

Bachelor of Professional Studies

Major

Professional Studies

Concentration

Nonprofit Development - Admin

Committee Chair

Jeffrey Nevels

Abstract

This thesis examines the for-profit and not-for-profit sectors by comparing and contrasting business skills that contribute to their organizational operations. Using primary and secondary sources, for-profit and nonprofit organizations were compared using the following criteria: strategic planning, leadership, financial acumen, communication, and branding and marketing. Information regarding these business skills have been collected from personal interviews, web sites, online articles, online books, and published reports. Findings reveal that while for-profits and nonprofits have different fundamental purposes, they are both organized entities that require practically identical business skills to remain solvent. This thesis encourages leaders in the not-for-profit sector to gain a for-profit perspective and integrate skills that are seen as common for-profit practices to better handle organizational challenges. The business skills discussed in this thesis have the capability to change the world by maximizing the success of 501(c)(3) nonprofit organizations.

Comments

Undergraduate Honor's Thesis

Library Comment

Honors thesis originally submitted to the Local University of Memphis Honor’s Thesis Repository.

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