The lack of defined ownership for not-for-profit organizations creates control and reporting problems for not-for-profit managers.

Question

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Not-for-profit organizations are typically owned by the community they serve or a board of directors, rather than by individuals or shareholders. This lack of defined ownership can make it difficult for managers to make decisions, as they must navigate various stakeholders and opinions. It also creates challenges in terms of reporting and transparency, as there may not be a clear owner or ultimate decision-maker for the organization.

The Lack of Defined Ownership for Not-For-Profit Organizations Creates Control