Charities And Capitalism Essay

1124 words - 5 pages

In today’s world, non-profit organizations can no longer rest on the idea or premise that the work they do is rewarding, or personally fulfilling. While the work that non-profits do is greatly needed, and at times greatly appreciated, it is greatly underfunded as well. In Philip Harvey and James Snyder’s article as well as Bill Gates article all authors clearly outline that in order for non-profit companies to be successful; they have to begin to re-align their organization’s goals, objectives with their financial statements. The question becomes how does a non- profit realign their goals, objectives and financial statements in such a way that they are still able to do their good work, but ...view middle of the document...

Why should great companies build concern for the less fortunate local communities, and the world into their cultures? First, being socially responsible will attract and retain employees, it also makes business sense. Sharing profits with the community attracts customers and gives the company a reputation as a good neighbor. It adds to the bottom line by increasing exposure to new customers and making existing customers proud of their choice. People want to feel good about the companies in which they invest. Consumers are also very much aware of which companies make an effort to be environmentally responsible.
While for profit businesses attempt to have a direct impact on their communities’ sustainability, the overall goal should always be to sustain the organization first and to maximize the wealth of shareholders second. After all, the shareholders cannot be made wealthy if the organization is not performing well and making a profitable margin. Attentive regard to shareholder wealth will always be necessary and appropriate in the business world. After the primary goals are met, community contribution should follow. Community involvement should rank high in the list of goals and strategic targets to meet because without the community, the organization could crumble. Businesses have to realize the potential that community contribution and involvement or the lack thereof has not only their bottom line but also on their reputation and the reputation of their shareholders.
Charitable organizations have to set their goals differently than not for profits do traditionally. In order for charitable organizations to survive they must think and plan as if they are for profit organizations. Considering that not-for-profit organizations depend on funding from outside resources and government agencies, their primary goals have to strategically align with business practices before they can reach their stretch goals for the cause that gave birth to their mission. What many charitable organizations have failed to do is to develop a team of individuals with a business sense to systematize the organization while the mission driven individuals can meet the goals of cause at hand. The two teams have to collectively work towards sustaining the organization through their interdependence and creating a relevant bottom line.
Each concept outlined by each article supports that schools, charities and businesses can be helped by reframing how they approach their work, and how they approach the financial...

Other Papers Like Charities and Capitalism

History of American-Cuban Relations Essay

2243 words - 9 pages Good Ol’ Capitalism In 1898, Cuba won its independence from Spain after three separate wars, spanning 3 decades of bloody conflict. Then in 1933, a coup d’état known as the Revolt of the Sergeants, led by Fulgencio Batista effectively put Gerardo Machado out of office. Relations increased with the United States and Batista became the puppet master for a series of handpicked Presidents of Cuba, two of which were Batista himself, all of

The Ethical Considerations That Arise When Tobacco Companies Market Their Products In Developing Countries

986 words - 4 pages , even the way they approach consumer relationships differ. In the US, to maintain a good public image they give money to charities and then spend more than 10 times that amount to inform their public of this action (Carlson and Luhrs). However, in developing countries, they are so unaffected with public image that they openly file suits against governments attempting to develop consumer protections as in the case of Phillip Morris’ suit against

Bus100 Sample Exam Questions

2624 words - 11 pages political relevance, but little relevance to business firms. B. suggest that the number of two-income families will decline in the future. C. provide business and individuals with insights into business and career opportunities of the future. D. are an important source of information about changes in weather and climate. 3. Public schools, charities and government agencies are not classified as businesses because they: A. have not

Why Has the Concept of the Big Society Failed to Catch the Public's Imagination?

3532 words - 15 pages is to be cut from charity funding between 2011-2016 (Bhati & Heywood, 2010). The Big Society relies on promoting the role of charities in local communities, to take over jobs such as running libraries and helping improve the local area. [Big society] envisions communities doing more for themselves; and the core principles include empowering individuals and communities and encouraging social responsibility. This is, of course, happening in a

Capitalism Conversation

2605 words - 11 pages Capitalism ADI IGNATIUS: Now, your article is meant to fix a problem. What is the problem? MICHAEL PORTER: Well, the problem is I think we've gotten into a very vicious cycle in thinking about the relationship between business and society. And really, the purpose of capitalism, and the benefits of the capitalist system to society, and to meeting society's needs-- needs like improving people's lives, and improving the health of communities

Social Policy

1543 words - 7 pages can see this type of democracy used in Australia through referendums and some aspects of Local government. Protective democracy. Protective democracy is the idea that democratic processes can protect individuals from too much government intervention and defend individual liberties. There is a a strong compatibility of protective democracy with capitalism and liberal values. Developmental democracy is the concept that individual will be have

Macro Environment Mcdonald's

1466 words - 6 pages their businesses in the global markets. Globalization is necessary for success and survival in the worldwide market; however, global competition is not easy (Bateman & Scott, 2004). By the end of the twentieth century, the list of Fortune 500 companies was no longer only United States corporations due to an increase in international companies joining the list (Global Capitalism, 2005). As a leading food service retailer, McDonald’s joins those

Personal Code Of Ethics. "I Believe" Personal Essay

2211 words - 9 pages I believe in the power of Mind...I believe pitchers should bat...I believe Oswald was a patsy...I believe everything is a conspiracy...I believe that people are responsible for their own actions...I believe that The Who is the greatest rock band of all time...I believe in tolerance...I believe in capitalism...I believe we are who we want to be...I believe in choice...I believe in love...I believe that Bert and Ernie are televisions first gay

Assess the Impact of Government Intervention in Ending the Great Depression in the Usa

2507 words - 11 pages . When the depression began in 1929, Hoover was positive that the natural economic market forces would fix this downward spiral, therefore minimal government interference was required. He held the idea that the ‘spiritual resources of the American people’ were linked to a free market and economic prosperity. He believed that relief measures were strictly for the local authorities and that private charities should take care of the needy and

Gilded Age

1522 words - 7 pages society was to give them the spaces to develop a high cultural environment such as libraries, museums, and parks instead of wasting the money in worthless charities . This is the opinion of one the best businessman the earth has known. In this document he defended the wealthy people by showing the world what the wealthy people was trying to do for society. This document creates controversy because in one hand we have the worker class that

Ch2 Canadian Business

2843 words - 12 pages Ch.2 * What is an economic system? Business organizations exist in an economic system or environment that provides employment for workers, pays taxes to as many as three levels of government (in Canada), and supports many charities. The system in which sellers and buyers can exchange goods and services is called a market. The local farmers market is a market. Farmers bring their fruits and vegetables to a single location to attract

Related Essays

Capitalist And Free Trade Essay

2419 words - 10 pages services so as that they satisfy their basic needs. Everybody would be able to access their basic amenities. Politicians, charities among others should not be accorded the mandate to resolve this social problem (Socialist studies, n.d.). The economists on the other hand do not have a good understanding of capitalism, how and why it brings about poverty. Poverty is connected to class and capitalism as a disintegrated society. Capitalism has not

The Morality Of Capitalism Essay

2718 words - 11 pages justifiable. Bibliography Bishop, Johm Douglas. Ethics and Capitalism. Toronto: University of Toronto Press Incorporated, 2000. Charities Aid Foundation. World Giving Index 2012. 2012. https://www.cafonline.org/publications/2012-publications/world-giving-index-2012.aspx (accessed October 8, 2013). Friedman, Milton. Capitalism and Freedom. 1962. "The Social Responsibility of Business Is to Increase Its Profits." New York Times Magazine

The Goal Of The Firm Essay

829 words - 4 pages . In his book Capitalism and Freedom Friedman talks about totalitarianism, which is where the state has control over all aspects of the public and private sector. This is what happens when a company focuses on the "community" rather than the profits that can be made. The only way for a company to make a good profit is they need to make sure that the “proper pricing” is taken into consideration. According to Skousen (2012), “depending on the

Mixed Economy Essay

1853 words - 8 pages Mixed Economy A mixed economy is an economic system that incorporates aspects of more than one economic system. This usually means an economy that contains both privately-owned and state-owned enterprises or that combines elements of capitalism and socialism, or a mix of market economy and planned economy characteristics. This system overcomes the disadvantages of both the market and planned economic systems. Features * Resources are owned