Nonprofit Leadership

A not-for-profit organization is any entity that is formed with objectives other than making profits, and in which no director, officer, or member is entitled to receive the income generated by the organization. They may come in the form of an individual enterprise, corporation, foundations, unincorporated associations, or partnerships among others. The law requires these organizations to be designated as not-for-profit when being formed. They are required only to pursue those objectives permitted by the laws governing nonprofit organizations.
The nonprofit sectors are said to play a critical role in the US at all levels, be it in cities, nations, states, and regions (Deitrick et al., 2008). This is because they play a role in improving people’s living standards across the country. The majority of nonprofit making organizations in the U.S. provide services aimed at assisting people who are less fortunate in society. This includes providing food to hunger-stricken areas, shelter to those displaced by calamities be it naturally such as earthquakes, and landslides, tsunami or conflicts among others. Others do the work of empowering people in society by promoting education by providing training facilities and services, as well as health care facilities to better the lives of the people.
The Projected Demand for Leaders in the Nonprofit Sector
What many business leaders and economists agree that many organizations nowadays are faced with many challenges than ever before. Among the challenges, notes among business leaders and theories are stiff competition for talented employees. As a result, since the strength of many organizations are on their workers, this implies that these organization must make every effort aimed at finding, attracting as well as retaining talented leaders irrespective of the economic situation the organization finds itself at. Nonprofit making organizations are arguably the most affected by this challenge of leadership deficit (Tirney, 2006).