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Business & Nonprofit Organisations’ Social Change Essay

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Updated: Jun 15th, 2020

There are numerous not-for-profit organisations that are seen as major engine of the social change. At the same time, ‘traditional’ for-profit organisations also contribute greatly into development of communities. Thus, BRAC, which is one of the leading NGOs, raises funds and donates to a variety of projects. These projects touch upon a variety of issues in such areas as education, healthcare, security and so on. One of examples is the project to help Bangladesh children to access schools (Teerathumaskul & Manowalailao, 2012). A conventional example of a for-profit company is Walmart. This company also contributes greatly to the development of communities. For example, in China, the company has addressed lots of issues and helped people to cope with natural disasters, financial constraints and numerous social wrongs of the Chinese society (About Walmart China’s corporate social responsibility program, 2013).

It is necessary to note that people in NGOs have two major roles. They try to evaluate needs of particular communities, develop specific strategies to address these issues and try to raise funds. At the same time, for-profit firms focus on gaining profit as well as try to assess needs of communities and address them. Therefore, it is possible to trace certain similarities between the two types of organisations.

As an accountant, I would like to work in a for-profit company as I believe this type of organisation can contribute to the society most effectively. Hernández-Murillo and Martinek (2009) stress that for-profit firms can effectively facilitate development of communities. I agree with that standpoint as I think it is much more effective for a company to relocate funds to contribute to societal change as it can be difficult to find funds as more and more firms are trying to be socially responsible and actively participate in the development of the society.

Reference List

. (2013). Web.

Hernández-Murillo, R., & Martinek, C.J. (2009). Corporate social responsibility: Can be profitable. Web.

Teerathumaskul, K., & Manowalailao, R. (2012). Beauty of alternative learning: Getting students to schools. Web.

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IvyPanda. 2020. "Business & Nonprofit Organisations' Social Change." June 15, 2020. https://ivypanda.com/essays/business-amp-nonprofit-organisations-social-change/.

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