INTRO TO THIRD SECTOR - Article Example

Many nonprofit organizations have been negatively impacted by the bad economic times in recent times, which have lowered donation income. This paper discusses different concepts associated with running and managing a nonprofit organization. Nonprofit Management Focusing on the importance of managing stakeholder and relationships in nonprofit organizations, some of the most important stakeholder groups include volunteers, suppliers, lenders, government, and the community. Nonprofit organizations face similar accountability issues as private businesses.

Some of the accountability issues nonprofits face are fiduciary, legal, professional, and the duty to preserve and serve the public good. Michael in his argument states that, stakeholder groups have a lot of influence over nonprofit organizations. Managers of nonprofit organizations must clearly understand the expectations of stakeholder groups. It is imperative for managers to keep the lines of communication open at all times with its stakeholders. Some of the mechanisms that are used by nonprofits to facilitate communication with stakeholders are conferences, advisory committees, member surveys, newsletters, and data sheets (Michael, 2013).

Research Statement and methodology From perspective point of view we find that, nonprofit organizations provide vital services that markedly contribute to the health of our communities. The goal of this research in regards to Nonprofit Management aspect however, is to find the concrete solutions that should be initiated in such organizations to enhance growth and provision of quality services in our communities. We believe that fundamental organizational and management principles can be used by leaders in the nonprofit sector to strengthen both their systems and service delivery.

The Nonprofit Management Program however, provides affordable, practical and accessible information to people working in and with the nonprofit arena, whether they are paid staff, directors, board members, philanthropists or volunteers. It integrates commitment facets to entire community and that’s why this research plays a vital position in analyzing the better things to be considered for better service delivery (Drucker, 2006). Meanwhile, the manager of a nonprofit has control over the relations with its stakeholders.

The support of stakeholders can be maintained by satisfying their concerns and meeting their expectations. The effectiveness of a nonprofit organization is dependent on the ability of these entities of maintaining productive relationship with all stakeholder groups. One of the findings of the study performed by the author of the journal article is that when executives use a consistent or thematic approach in dealing with the different stakeholder groups the organization is perceived as more effective.

More so, the article provided an interesting discussion of the influence stakeholders have on nonprofit organizations. It is in the best interest of a manager to maintain constant communication with stakeholders in order to understand their needs. The existence of nonprofit organizations is deeply engrained in the society of the United States as it has deep roots. The Greco-Roman culture places emphasis on community, citizenship, and social responsibility. Two distinct concepts associated with nonprofits are charity and philanthropy.

Charity refers to giving intended to attend current human needs, while philanthropy is