Importance of Internal Controls in Nonprofit Organizations and audit committee Abstract: With the developing of the society, the Nonprofit Organizations has play a more and more important role in the current economy. However, problems like fraud, inefficient and opaque are all around. So, internal control plays a vital role in the Nonprofit Organizations. This paper explains how the internal controls improve the nonprofit organization. It’s important to have the internal control within the organization to prevent the loss and improve the performance to the public.
Diversity when properly managed and implemented, contributes immeasurably to the growth of a business. As such, prioritizing diversity in business activities as a social responsibility does not only benefit the community the business is located but also promotes growth within the business environment. Diversity has been seen to be the premise for a healthy human reproduction and development. It is also needed to complement the ever increasing rigidity and interdependence that exists in the global business environment. Nielsen and Nielsen, 2013 postulated that “global firm have been shown to perform better because of diversity.” But they further explained that the management of diversity is very crucial as the world is increasingly becoming interconnected and complex.
A reward for ethical behavior The ethical behavior must be recognized and appreciated and at the time it must be awarded. So it can promote ethics in other employees. Conclusion Ethics in business and in corporate culture has become a critical issue for many companies. There is need to pay more attention to an analysis of unethical behavior in leadership and its relation to corporate culture. Ethical leadership is a growing concept and many large companies are promoting business ethics as their corporate social responsibility.
The theory also proves that there is a relationship between strong corporate culture and organization performance or profits. The observation is that if the organization and its employees share a common culture the environment makes it easier to share common goals and to follow suitable procedures in achieving them. A collective culture also has positive impact on motivation in an
Importance of Job Satisfaction In the organizational behavior researches, it is found that job satisfaction plays a positive role on both the employer and the employee. Importance of job satisfaction from these two interest groups are discussed below: For the employer, if the organization gets a group of satisfied workers, it will enjoy a better turnover and productivity. The organization will have a goodwill and a mystique will be created. As a result, employee retention rate will be high resulting stability within the organization. Customer, client or citizen satisfaction will be ensured through a group of distinguished, self-esteemed and satisfied workers.
Not only can job satisfaction be influenced, it can also be forecasted by the workers thought of organizational culture more specifically support socially and leadership. Indeed, as the employees’ ethos are enhanced, their interaction with the managements ameliorates thereby contributing to team work and collaboration. For instance a library that used to be unattended by scholars, if parties concerned improve service coordination, its goals, culture and customer relation then it will be attended thereby leading to improved corporate culture and satisfaction. More importantly, innovative organizational culture tends to be highly correlated with self achievements. This is to say that a staff who feels that his job is more dynamic tend to feel satisfied.
Regular CSR reports which are relevant, honest, and correctly targeted will improve credibility with the internal and external stakeholders, and in turn helps the company to gain competitive advantage over the competitors. These reports also increase employee morale and motivation, as they gain confidence in the company and their roles which they play within the company. CSR is no longer done just for philanthropic reasons but now it is integrated with company’s main goal. The companies are undergoing through a change from simply informing the public about the activities to a more detailed and comprehensive way of engaging the stakeholders. Benefit of CSR reporting: a.
Abstract Cause – Related Marketing as part of corporate social responsibility, becomes an increasingly used by companies in the market. Some of the benefits of the cause related marketing campaigns is attracting new customers , increasing sales of products , or services creating positive brand image and raising funds for a social cause. And there are many companies followed this concept in there markets . The cause related marketing has an impact on consumers choices , so they prefer to by from them because they can meet there needs and help the community by paying the same price. What is Cause related marketing (CRM) ?
Besides that, it also needs to highlight the benefits of altruistic behavior (Liu, 2007). In the context of altruistic, altruistic employees put others’ importance forward with their own, go beyond the requirement of duty and associate with ethical achievement stated by (Zhang, Zheng, & Wei, 2009). Moreover, leaders tend to act more altruistically towards other employees because they can gain benefit because having a good reputation in the organization, (Bereczkei, Birkas, & Kerekes,
Ethics and integrity is essential and played an important role in helping the growth of the business. Behave ethically could contribute to good performance and customers’ satisfaction. This lead maintains and expands the relationship between both parties and indirectly would increase company reputation (Bandsuch, M 2009). According to the Trevino & Nelson (2010), behave in ethics and integrity not only could stronger the relationship with the customers, but also the relationship with the stakeholders. Apart from that, ethics and high integrity could also increase the confidence of customers towards the organization (Trevino & Nelson, 2010).