Voluntary and Nonprofit Organizations †Free Samples to Students

Question: Discuss about the Voluntary and Nonprofit Organizations. Answer: Strategic management is one of the key factors for a successful business. Both in profit and non- profit organization this play a pivotal role. Zara is one of the best fashion brands in the world. The strategic planning of the company includes the approach being vertical. This is for designing of the products, sourcing and distribution of the same. They follow the strategy of fast fashion (Smith 2013). In addition to all these, they stock less of inventory and update their collections from time to time. This is one of the key aspects, which help them to bring new fashion with every season. Finally, it could be said that being a profit making organization, Zara uses social media platform to display their online presence. This help in the strategic planning of the online shops. In case of non- profit organisation like Habitat for Humanity, the strategic Management planning includes reaching the goals for Gresham and Portland. The company helps poor by helping renovate their homes. This is done with the help of owner occupied programs. Apart from these, the brochures of the organistion state other benefits that the poor families would receive. The revenue generation would be received with the help of online advertisements and social media networking (Omar, Leach and March 2014). The strategies are to ask the users of the sites help in donating some amount for the welfare of the homebuyers. In addition to this, the impact 2020 plan is important project of the organisation. They have opted for word of mouth approach in which one donator is asked for other prospective donator. Reference list Omar, A.T., Leach, D. and March, J., 2014. Collaboration between nonprofit and business sectors: A framework to guide strategy development for nonprofit organizations.VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations,25(3), pp.657-678. Smith, R.D., 2013.Strategic planning Management for public relations. Routledge.