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Non-Profit vs. For-Profit Organizations

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1) Discuss what it means to be mission driven as opposed to profit driven.

2) Give an example of an organization that is mission driven and one that is profit driven, identifying the rationale for your choice.

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A key component of being mission driven as opposed to profit driven, is the fact that a mission driven individual is seeking to accomplish some idealistic or non-tangible goal. In many cases when an individual is mission driven, they are seeking to gain excellence within the given field and to obtain the highest level of accomplishment as possible, which will provide them with a tremendous sense of self-worth and self-esteem that is priceless. Being mission driven as ...

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This solution discusses non-profit and for-profit organization.

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The differences between a non-profit organization and a for-profit organization can be found in the beneficiary and the distribution of funds in the organization.

If the beneficiary is predominantly the public, then the organization most likely would be a non-profit organization. And if the beneficiary is predominantly the owners of the company, then the organization most likely would be a for-profit organization. Another difference that separates the two is that one distributes excess funds by sharing the funds with those within the organization, while the other does not.

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