EBK UNDERSTANDING BUSINESS
EBK UNDERSTANDING BUSINESS
11th Edition
ISBN: 8220102809673
Author: Nickels
Publisher: YUZU
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Chapter 17, Problem 3DWS
Summary Introduction

To discuss: The need for effective financial reporting in achieving fund raising goals of a not for profit organization.

Introduction: Not for profit organization is an organization that if formed for the charitable purposes instead of making profits. Financial reporting refers to reporting current status of the entity’s assets, liabilities, capital, receipts, payments and earnings.

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1.    Discuss the elements of the mission and vision statements and their importance to new entrepreneurial ventures. 2.    Develop a mission and vision statement for a new technology venture. 3.    Include a corporate social responsibility (CSR) initiative in each statement.
Action innovations for entrepreneurial venture types include; Invention, Extension, Duplication, and Synthesis. What is an idea that you believe would qualify as a good entrepreneurial venture, identify the type of action innovation the idea is, and provide a product or service (or a revolutionary product or service) that would fit the type of innovation you have chosen to discuss as a possible venture. Financial planning company is the venture.
Consider the case of Nutrorim that you read in Module 1 from a culture, structure, and strategy perspective. Answer the following questions. Be sure to support your reasoning with evidence from the case and course concepts. What impact has the democratic culture had on the company’s ability to make good, effective, decisions? How do you think this culture evolved? Do you think the culture is still effective why/why not?
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