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Difference Between Non-Profit And Non Profit Organizations

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A goal without a plan is just a wish. This statement applies to the context of business planning. In business world, there are two types of organization: for-profit organizations and non-profit organizations. There are differences between these two. They are different in many aspects including goals, mission, source capital, etc. They are different from each other. For-profit organizations focus on earning profit and sales. Non-profit organizations focus on giving back to the community. Thus, how organizations plan and operate the businesses will be different because the goals and the purpose are different. In addition, the best way to learn about planning is to learn from the experts. There are many great examples of for-profit and non-profit organizations in the business industry today. One of the well-known for-profit organizations is PepsiCo. PepsiCo is one of the popular beverage manufactures, and one of their main goals is to make profits. One of the examples of non-profit organizations is Goodwill Industries. Goodwill is an American non-profit organization that provides job training, career management, services, and other community based programs and activities. These two organizations have very different goals, but they share some similarities when it comes to a business planning.
Planning is one of the vital key in operating both for-profit and non-profit organizations. It is needed in all aspects of an organization. According to Stephen Robbins in the book

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