The primary goal of businesses is to increase their profitability and give it to stakeholders. At the same time, a nonprofit organization works for the betterment of society or the promotion of particular views. However, many companies tend to state the purpose of their existence and their societal obligations in the form of a vision and mission statement. Due to this widespread trend, businesses can share a similar goal with nonprofit organizations and work towards alleviating existing societal issues or raising the quality of life.
What is the primary goal of all businesses? Does a nonprofit organization fit within this goal?
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Academic.Tips. (2022, September 7). What is the primary goal of all businesses? Does a nonprofit organization fit within this goal? https://academic.tips/question/what-is-the-primary-goal-of-all-businesses-does-a-nonprofit-organization-fit-within-this-goal/
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Academic.Tips. 2022. "What is the primary goal of all businesses? Does a nonprofit organization fit within this goal?" September 7, 2022. https://academic.tips/question/what-is-the-primary-goal-of-all-businesses-does-a-nonprofit-organization-fit-within-this-goal/.
1. Academic.Tips. "What is the primary goal of all businesses? Does a nonprofit organization fit within this goal?" September 7, 2022. https://academic.tips/question/what-is-the-primary-goal-of-all-businesses-does-a-nonprofit-organization-fit-within-this-goal/.
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Academic.Tips. "What is the primary goal of all businesses? Does a nonprofit organization fit within this goal?" September 7, 2022. https://academic.tips/question/what-is-the-primary-goal-of-all-businesses-does-a-nonprofit-organization-fit-within-this-goal/.
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"What is the primary goal of all businesses? Does a nonprofit organization fit within this goal?" Academic.Tips, 7 Sept. 2022, academic.tips/question/what-is-the-primary-goal-of-all-businesses-does-a-nonprofit-organization-fit-within-this-goal/.
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