The Challenges of Managing Not-for-Profit Organizations
We have not yet dealt specifically with the not-for-profit organizations (NFPOs), an important institutional segment, whose objective is not the creation of economic wealth but the pursuit of activities that will positively affect society at-large. The immediate problem we face when attempting to develop a cohesive strategy for NFPOs is their enormous diversity. The term not-for-profit seems to encompass a wide array of totally different institutions that only share the negative attribute that making money does not motivate them. Is it possible to conduct a coherent analysis of these institutions? We believe so. Moreover, we feel that the Delta Model can give us penetrating insights into how to manage them, based on conclusions that are quite different from the for-profit business sector.