...A Proposal to Introduce Value Based Management in NGOs of Bangladesh Munima Siddika1 Abstract: Presently the rapid growth and diversification of the gigantic NGO sector of Bangladesh has given rise to questions and concerns, about their trade-offs between sustainability and pro-poor orientation; the impact and quality of services; corporate governance; management and accountability. The paper is based on a proposal to introduce a modern management system viz. value based management (VBM) in the NGOs of Bangladesh. Value-based management can be defined as an integrated management control system that measures, encourages and supports the creation of net worth. The report of Transparency International Bangladesh ‘Problems of Governance in the NGO Sector: The Way Out’ (TIB) 2007 is used here as an information source of finding out the flaws of existing management techniques. Finally the paper recommended implementation techniques of VBM in order to regain the image of the NGOs as a pioneer of social welfare in Bangladesh. Keywords: NGO, Transparency, Governance, Management, Strategies, Value Addition, Value Based Management etc. 1. Introduction Bangladesh has largely failed to assist the poor or reduce poverty because of limited resources and faulty planning, while Non Government Organizations (NGOs) have grown dramatically and ostensibly to fill up this gap. There are more and bigger NGOs here than in any other country of equivalent size. Bangladesh’s NGO sector is remarkable for...
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...Financial Management of For-Profit and Nonprofit Organizations by Kamilah A’Vant Submitted to MGMT 640 9040 November 13, 2011 EXECUTIVE SUMMARY This paper will outline the similarities and differences between for-profit organizations and nonprofit and organizations. Many view for-profit and nonprofit companies as very different business organizations; however they have many commonalities. Both for-profit and nonprofit organizations are corporations. As a corporation, both are legal enterprises created to operate and transact business. Corporations hire employees to manage day-to-day activities and act in its best interests. For-profit and nonprofit companies work to control spending, find ways to bring in revenue, operate under organizational structures and utilize accounting practices to track and report how efficiently assets are used. Nonprofit organizations fall under a large umbrella in respect to size and mission. The environment under which they do business helps set them apart from for-profit companies. Nonprofit companies have a great need for their services, face cuts in funding and capital limitations. In this paper I will focus on the financial management techniques used by for-profit and nonprofit companies. I will address the following questions: • What are the sources of funds available to for-profit and nonprofit companies? • Is there a conflict between the mission and bottom line of nonprofit companies? • What...
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...NPO Leadership and Management Midterm Paper Leadership and Managerial Profile of a Not-for-Profit Compiled By: Faizan Irtiza Zubairi Student No. 201329030023 The NPO sector’s ability to provide its services has come under ever-increasing scrutiny with changes in public policy, important client demographic and psychographic shifts, new commercial initiatives, and growing competition from for-profit providers. Although the sector has reacted creatively in many cases, the increasingly complex dynamics is straining the skills and abilities of nonprofit leaders to meet such challenges. Whether in the profit or the nonprofit sector, all organizations fundamentally need strong leadership acumen to execute their strategy successfully. Therefore, ensuring a steady supply of leadership and management is vital. This is indeed a painstaking task since historically the science of management has always had a focus for commercial outcome! The world is increasingly interconnected and vibrant. Leadership sits in the middle of the mix – both initiating trends and reacting to them. While the NPO sector has access to an energetic, passionate, and creative pool of people and to new tools, there are also challenges that make it difficult for organizations and their leadership to thrive. William Ashby’s (1956) Law of Requisite Variety suggests that for organizations to effectively adapt and cope with a complex environment the variety of its internal order must match the variety of the environmental...
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...Individual Research Project – Preliminary Research Design Lori Whidbee American InterContinental University Abstract The first part of this paper examines the similarities and differences between formal research and business proposal. The paper finds that the process taken for both research methods are comparable in nature. However, both research methods have difference uses in business. The purpose, use and goals of the research determines whether formal research or business proposals add value to the decision making process in corporate world. Part two of the paper examines a hypothesis question: What are the effects of human resources outsourcing on leadership performance and employee commitment? Upon review of several journal articles, research suggests that the outsourcing of key human resource functions such as training, employee benefits, and recruitment has had a positive impact on leadership performance and employee commitment. Human resource professionals indicated the delegation of more complex tasks to third-party administrators has given them the opportunity to practice core competencies with employees which has resulted in a satisfied workforce. Individual Research Project – Preliminary Research Design Managers are required to make decisions in business every day. Making the right decision can mean the difference between a financial gain or loss and retaining or losing valuable employees. Bazerman (2009) states most of our decisions are evolved...
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...organizations sometimes consist of inexperienced and unknowledgeable management professionals. New board members are excited to make good decisions and evoke proper change within the organization. They soon find out change is not quick and results aren’t seen over night. Due to this reality board members with tenure can become complacent and thereby miss opportunities for organizational growth. This can create barriers to performance for young board members and old board members alike. This paper argues the necessity of continual board development using assessment methodologies. It takes into consideration current knowledge on why and how development can detour ineffective job performance amongst board participants. This paper creates a possible framework for BOD development in non-profits. OUTLINE Introduction and Overview 4 Evidence or Support Statements 5 Warrants 6 Counterclaim Statement 7 Rebuttal Statement 8 Conclusion Statement 9 References 11 Introduction and Overview Board members are a significant asset to organizations. They make decisions based on strategic need and corporate responsibility. Rarely though do new members arrive on the board with years of experience in the nonprofit sector (Rubenstein and O’Flynn, 2006). The literature displays that new board members often receive little or no training regarding how to serve as a successful member of the board of directors. Nonprofit boards typically are comprised of many successful leaders from for-profit...
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...last term. Additionally, as a new development, we have introduced a chapter on "how to use databases". In this issue you'll find a search guide for the Lexis -Nexis database. Hope you enjoy it! Top picks in … Balanced Scorecard "The balanced scorecard is a management system (not only a measurement system) that enables organizations to clarify their vision and strategy and translate them into action. It provides feedback around both the internal business processes and external outcomes in order to continuously improve strategic performance and results. When fully deployed, the balanced scorecard transforms strategic planning from an academic exercise into the nerve center of an enterprise." The Balanced Scorecard Institute. What is the Balanced Scorecard? [on line]. (1998) Web page, URL . [Consulting May 6, 2002] Resources on the Net … The Balanced Scorecard Institute http://www.balancedscorecard.org/ The Balanced Scorecard Institute is an independent, nonprofit source of information about applications of the balanced scorecard approach to management in government and other nonprofit organizations. What is the Balanced Scorecard? http://www.balancedscorecard.org/basics/bsc1.html A general approach to this strategic system. BSC Collaborative Page 2 of 6 http://www.bsccollaborative.com Balanced Scorecard Collaborative, Inc., created by Drs. Kaplan and Norton, is a new kind of professional services firm that facilitates the worldwide awareness, use, enhancement, and...
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...Niagara University Master of Arts in Interdisciplinary Studies "Building a Bridge to Bulgaria" A US-Bulgarian Cultural Exchange Organization Research Capstone Paper IDS601 Members of the committee: Dr. Chambers, T. Leibowitz, A. Dr. Mayer, S. Research paper presented by: Mariya Cherneva April 29, 2011 Table of Contents I. Executive Summary 3 II. Introduction 5 1.0 Why would someone would like to study abroad? 6 2.0 A Literature review of study abroad participants 11 3.0 USBCE Resource interviews 14 4.0 Specific information on Bulgarian stident trends 17 5.0 Creating a successful non-profit organization 19 6.0 USBCE – Created a specilized Organization 43 7.0 USBCE identifies its major outsidide organization 44 8.0 What role will USBCE play in the Work/Travel program 47 III Conclussion 51 IV Bibliography 53 V Appendix 1 VI Appendix 1 I. Executive Summary Background Having been the direct beneficiary of a few different types of cultural exchange programs I appreciate the value such an organization provides. In my lifetime I have been able to travel to, study and work in more than five different countries. My hope is to be able to use my experiences to create a cultural exchange organization to assist students with international study as well as a broad cultural experience. A program like this will help students to gain a global perspective and cultivate a global network...
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...(1)Nonprofit organizations deliver critical services, and it is important to devote maximum resources to supporting your cause. That is why it makes sense to ensure your staff and volunteer resources are operating with maximum efficiency. In the nonprofit sector, creating a competitive compensation and benefits strategy is important to attract talent, but developing a total rewards package may be more important. “Employees nowadays are looking at the whole package: ‘What’s my base salary, do I have incentives, what are my benefits, can I telecommute, can I have flex time, can I have a relaxed dress code and is it family-friendly?’” Glantz said. “[If] a not-for-profit can offer what’s considered an attractive total rewards package, [it’s] going to help that company.” The argument now is that these intangibles need to be measured and monitored, and subsequently tied to the bottom line. Re-defining the bottom to include intangibles such as leadership practices, organizational capabilities, and the ability to attract talented people is necessary. In addition, as organizations continue to automate business processes using technology, in order to remain competitive against others that are doing the same, they must now focus on their talent. Additionally, though talent can be cultivated and developed, it can also leave the organization, become sick, de-motivated, and perhaps influence others to behave in ways unfavorable for the organization. Worst of all, talent can deliver the “double-whammy”...
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...Journal of International Development J. Int. Dev. 22, 890–905 (2010) Published online 12 November 2009 in Wiley Online Library (wileyonlinelibrary.com) DOI: 10.1002/jid.1639 MANAGEMENT OF MICROFINANCE INSTITUTIONS: DO SUBSIDIES MATTER? MAREK HUDON* ´ libre de Bruxelles, Belgium and Burgundy School of Business, France CERMi, Universite Abstract: It is estimated that donors commit between US$ 800 million and US$ 1 billion to microfinance per year. This paper analyses the management of microfinance institutions (MFIs) and its relationship with donors’ subsidies. The results show that the level of subsidies granted per year is related to the management quality but not the subsidies divided by the gross loan portfolio or the total equity. Well-managed MFIs are larger and regulated organisations but not significantly older. The organisational structure or the experience of the MFI however does not play a role in determining its financial effectiveness, except for cooperatives. Copyright # 2009 John Wiley & Sons, Ltd. Keywords: microfinance; subsidies; management; governance; nonprofit JEL Classification: L31; M54; O16; Q14 1 INTRODUCTION Formal financial institutions have neglected a large part of developing country populations. Considered as high-risk clients, the poor have been denied access to financial services. Microfinance has been praised during the last twenty years as a new development policy tool serving people who have been excluded from the formal banking system. The...
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...Social Enterprises as Hybrid Organizations: A Review and Research Agenda* Bob Doherty, Helen Haugh1 and Fergus Lyon2 The York Management School, University of York, Freboys Lane, York YO10 5GD, UK, 1Judge Business School, University of Cambridge, Trumpington Street, Cambridge CB2 1AG, UK, and 2Middlesex University, The Burroughs, London NW4 4BT, UK Corresponding author email: bob.doherty@york.ac.uk The impacts of the global economic crisis of 2008, the intractable problems of persistent poverty and environmental change have focused attention on organizations that combine enterprise with an embedded social purpose. Scholarly interest in social enterprise (SE) has progressed beyond the early focus on definitions and context to investigate their management and performance. From a review of the SE literature, the authors identify hybridity, the pursuit of the dual mission of financial sustainability and social purpose, as the defining characteristic of SEs.They assess the impact of hybridity on the management of the SE mission, financial resource acquisition and human resource mobilization, and present a framework for understanding the tensions and trade-offs resulting from hybridity. By examining the influence of dual mission and conflicting institutional logics on SE management the authors suggest future research directions for theory development for SE and hybrid organizations more generally. Introduction The phenomenon of social enterprise (SE) has attracted...
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...California State University, Long Beach PPA-525 – Tuesdays Presented to: Dr. Sundstrom December 4, 2012 Final Paper Overview of the nonprofit sector The nonprofit sector is the collective name used to describe institutions and organizations in American society that are neither government nor business. (“What is the Nonprofit”, n.d.) Outside the United States, nonprofits are often called nongovernmental organizations (NGOs) or civil society organizations. (Campbell, 1987) However within nonprofit organizations there are other names which emphasize the characteristics that distinguish nonprofits. Essentially they are categorized as: voluntary sector to acknowledge the importance of volunteers and voluntary action, independent sector to distinguish nonprofits from business and government, and social sector to underscore how the activities of nonprofits enhance the social fabric of our country. (Anheier & Seibel, 1990) Nonprofit organizations, unlike businesses do not exist to make money for owners or investors; instead these groups are dedicated to a specific mission. There are currently more than 1.6 million organizations. (McSween, n.d.) About one million of them are public charities that employ over seven percent of the country's work force, close to 10 million paid workers. (“What is the Nonprofit”, n.d.) Careers in nonprofit management Nonprofit institutions play an important role in community life and are an integral part of the economic, political, and social...
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...Strategic Management and Planning Paper Marcy Blind Univ of Phoenix BUS 475 Brandan Krieger February 10, 2014 Strategic Management Paper Strategic management is collection of activities and processes that companies use to strategically coordinate resources and activities with the vision and mission statement throughout the organization. The purpose of this management plan is to put a plan into action and then have valuable feedback so the plan can be reevaluated as the external and internal dynamics evolve. At its core this is just the concept of having some feedback controls to evolve the plan to changing variables. This helps organizations to meet with the challenges with better focus and strategy. Purpose of strategic plan Strategic plan is a tool to manage the organization in more streamlined and optimal way. It helps in promoting the vision and goals of the organization throughout the organization. This avoids sub-optimization in the organization and helps the different branches to have better focus and coordination in between them. This also incorporates the organization strengths and weaknesses and then this data is used to formulate the best possible outcome for the organization. The plan also sets the goals the organization needs to achieve and how they will be achieved. This also includes the parameter against which the performance of organization will be measured and the time frame in which evaluation should be done. Components of strategic...
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...This is page left blank The Strategic use of technology within non-profit orgs Page 2 Overview: Undoubtedly, IT or information technology has caused a massive development in all fields of science, society, economy and humanity. The impact of IT on human society is in a way that the world is rapidly changing to an information society. Any progress in different aspects of society and economy or humanity is the results of technology development. Technology is considered to be a key indicator for improving effective communication, and strategic operation within government and non-profit organization. As a student of Public Administration and my concentration and interest to the non-profit organizations, in this paper I want to focus more about e-government in non-profit organization including and strategies that non-profits’ IT leaders need to practice. Non-profit organizations work around the world to accomplish philanthropic missions and provide meaningful services for people in need. The number of non - profit organizations likely to increase each year, according to the Urban Institute; there is a growth among the non-profits based on size and financial impacts. Between 2001 and 2011, the number of non-profits has increased 25 percent; from 1,259,764 million to 1,574,674 million today, which acutely compete with the business and government sectors. (Urban institute reports 2103). Among these organizations not all of them are successful neither all...
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...26, 2011 NPO 5080-01 Final Paper Dr. Christine Cugliari Introduction: The experience of workplace stress has been subject to a huge amount of research and interest. In American culture, it seems that stress is a regular part of everyday life. Emphasis is often put on getting many things done as quickly and efficiently as possible, even at the sacrifice of physical and emotional health. With the continuous introduction of new technology comes the expectation that projects should be completed even more quickly and more efficiently, and it seems that stress levels may only continue to increase, especially in the workplace. According to the National Institute for Occupational Safety and Health (NIOSH) (1999, p.5), “Three-fourths of employees believe the worker has more on the job stress than generations ago.” Without taking note of stress levels and properly reducing unhealthy stress, America will continue to see a rise in related mental and physical illness. Perhaps it will become even more crucial to study stress, particularly in the workplace, and to identify proper interventions. This prospective is no different in the nonprofit sector. Nonprofit organizations play an important role in such diverse areas as arts and culture, sports and recreation, literacy and skills development programs, health services, religious activity, and political advocacy. There has been growing interest in examining the contributions made by the nonprofit sector to the economy and society...
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...social development activities. The gap thus created is being filled by social enterprises. A social enterprise can be a ‘for-profit’ or ‘not- for-profit’ venture engaged in income-generating activities with an agenda of bringing about a positive change in the society. While social enterprises are engaged in the development of people, it is rather paradoxical that they experience a variety of problems with respect to the management of human resources within their enterprises. It is common knowledge that social enterprises perennially struggle with various critical human resource issues such as getting employees at low rates of compensation, providing growth opportunities for employees within the organization, retaining talent especially in the middle management, providing clearly defined roles and tasks to employees, etc, leading to high attrition and increasing the cost of acquiring and training new employees. It becomes critical for social enterprises to think out-of-the-box and try a variety of innovative strategies to overcome these problems. This paper discusses a few such innovative HR strategies adopted by social enterprises to attract and retain talent, such as offering jobs to people with vision and value congruence, enhancing the credibility of the organisation through brand building, providing opportunities for personal growth, creating a sense of ownership among employees through participation in decision making, creating sense of ownership among employees by giving...
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