Please find the differences between business and Community/Charity.
Sno | Business | Community/Charity |
1 | Profit maximisation | Non for profit. Help for social issues. Balance. |
2 | Organisation structure Less hierarchy | Organisation structure more hierarchy |
3 | Single or few leaders | More leaders |
4 | Impact through limited services or product | Impact for more social issues that mostly business left. |
5 | Responsibilities of subordinate or employees incentives and other benefits. Meet expenses and seek profits. | Resposbilities of executive committee , trustee and volunteers for smooth running of events and meet balance financial needs |
6 | Business can be social business as well which help to meet and solve social issues | Charity or community can be business as well. For example charity organisation can be registered in CIO i.e. corporation. |