Recently, there has been a debate between the validity of non-profit organizations and businesses. Some people believe non-profit organizations may help people in a more suitable way. Others think that businesses provide more stable and promising workplaces. Moreover, the former are responsible for the money that said organizations use. Nonprofit organizations contribute to society by assisting a number of people. Their goals are more related to education than personal benefit (Nickels, 2018). However, the value of business is emphasized by the necessity for future employees of non-profit organizations to study the subject. These skills are rather helpful for everyone, regardless of the type of organization they may be working for.
To illustrate this opinion, Adam Smith’s “invisible hand” concept and the idea of benevolence may be used. If a non-profit organization has a stable reputation and revolves around a contemporary issue, this may help a business find interesting partners and support the underprivileged in the community, thus, receiving positive feedback from the latter (Nickels, 2018). Moreover, as mentioned earlier, non-profit organizations depend on the funds distributed by businesses (Nickels, 2018). The described situation successfully incorporates benevolence and the “invisible hand”. Thus, the equal importance of the two sides is clarified.
Reference
Nickels, W. G., McHugh, S., McHugh, J. (2018). Loose-Leaf Edition Understanding Business. McGraw-Hill Education.