Which of the management methods developed in the private sector are being used by nonprofit organizations?

Question

Quizplus · Accepted Answer

Nonprofit organizations are increasingly using management methods developed in the private sector to enhance their performance and accountability, and one of these methods is Balanced Scorecard. The Balanced Scorecard is a strategic management tool that translates an organization’s vision and strategy into a comprehensive set of performance measures that provide the framework for implementing its strategy. It has been widely adopted in both the public and nonprofit sectors to improve performance, accountability, and transparency. The other options listed are primarily related to compensation and benefits, and may not be as relevant to nonprofit organizations.

Which of the Management Methods Developed in the Private Sector