Administration, Business, Management

Managers in a not-for-profit organization need similar management knowledge and skills like their counterparts in the private sector because of the reasons identified in the succeeding paragraphs. First, because in both situations, managers head an organization that needs to exercise problem solving, logical thinking, technical knowledge, effective communication, reasonableness and understanding. Joane Fritz explains in an article entitled What are the key characteristics of a non-profit organization published in About.com in 2011, that non-profit organizations and private organizations may differ in their purpose when it comes to income distribution, but in either way, managers in both organizations are directly responsible to their stakeholders. Non-profit organizations are sometimes