Accounting technicians scheme west africa
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- Non-profit (Service) Organisation
- Mutual Benefit Organisations
- Commonwealth Organisations
| Business Organisation Business organisations like UAC Foods, Nigeria Bottling Company Plc, Seven-Up Bottling Plc, Yemsel Limited and Oluwa Glass Plc have one underlying purpose, which is to make profit in a socially acceptable manner. No business organisation can survive talk less of growing without earning profit. Profit is a good measuring rod for efficient allocation of business organisations resources. ii) Non-profit (Service) Organisation A nonprofit organisation is an organisation with benevolent goals rather than financial goals. Such organisations survive and even grow without making any profit at all. Such organisations measure their success not in Naira and Kobo but on how well they provide a specific service for some segments of the society. Examples of nonprofit organisations are Yaba Psychiatric Hospital, Kanu Hear Foundation, University of Lagos and Lagos State Polytechnic. One major problem of such organisations is the screening of large number of applicants to determine who qualifies for service. Another problem is the ability to secure a reliable stream of funds through fees, donations, grants and appropriations. iii) Mutual Benefit Organisations These are organisations that bind themselves together to pursue goals that are difficult to achieve individually and mutually benefiting to members. Examples of such organisations in Nigeria are The Nigerian Employers Consultative Association (NECA), Manufacturers Association of Nigeria (MAN) and Professional Bodies Association. iv) Commonwealth Organisations commonwealth organisations offer public services without attempting to earn a profit. But, unlike nonprofit (service) organisations which serve some segments of the society, a commonwealth organisation offers standardized service to all members of a given population. For example, the Nigeria Police Force sees to the maintenance of law and order in Nigeria. The Nigeria Army protects everyone within Nigeria’s border not just the Yorubas or Kanuris or Ibos or Hausas. Download 3.37 Mb. Share with your friends:
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