A distinctive characteristic of voluntary enterprises is that their purposes are other than profit-seeking. This does not mean that a voluntary enterprise does not have money. Some, like the Rockefeller Foundation, have greater financial resources than many corporations. But a distinctive feature is that their reason for being is not profit. Their purpose does not lie in producing goods or providing a service at a price greater than its cost to generate revenue for an owner or a stockholder. While the organization may be concerned about generating as much revenue as it can, the income itself is not the end purpose envisioned by the founders. Therefore, its objectives, values, results, and measures of success differ significantly from those of a business. It provides services for its constituency, or for society on behalf of its constituents.
KeywordsBoard Member Voluntary Organization Voluntary Sector Voluntary Enterprise Distinctive Purpose
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