Question

In what ways do you believe the strategic planning approach of not-for-profit organizations would differ from that of profit-oriented organizations

Answer 1

Answer:

While nonprofit and for-profit corporations operate in similar ways, there are often subtle operational differences. One significant place they differ is strategic planning. Although both use the same kinds of processes, the way they use planning tools to establish goals is different. Boards of directors have different expectations from nonprofits than they do from commercial businesses. Also, there are different people involved in the for-profit strategic planning process as opposed to the nonprofit planning process.

Explanation:

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