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Is management are transferable and applicable in almost any environment?
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Do the principles of management applicable in 'for-profit organizations ' differ from those applicable in 'not-for-profit organizations. Discuss why or why not?
SOLUTION:Yes the principles of management are applicable in for profit and not-for-profit organizations and these principles are same for profit as well as not-for-profit organizations. Because every business need proper management by applying management functions, policies rules and regulations to run in proper way and for long term existence either business is for profit and not-for-profit organization.Principals of Management are almost same everywhere either it is for profit or not for profit organization. As we know, Management process is the set of ongoing decisions and work activities in which managers engage as they plan, organize, lead and control. So, these four things are known as main pillars of management, and we see these four pillars in every organization, for example, data copied from vu solutions dot com if you are going to start a not for profit organization, the employees will of course needed there and you will plan to determining organizational goals and the means for achieving these goals, organize, lead and control; upir employees as a leader, so, if we go through basics of principals of management, i think they are almost same in both type of organizations.
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