Tag Archives: Funds

Ideal Types of Office Décor for a Charity Funded Organization to Invest In

Office Décor photo

One of the most fiercely debated questions in charity funded organizations is the one as to whether they should invest in office décor. This is usually followed by a question as what the ideal type of office decorations for such charity-funded organizations would be (if, indeed, investing in office decorations turns out to be the right thing for them to do). Those are the questions we now venture to explore possible answers to. But we first of all need to understand why charity-funded organizations are unique in this context.

Why charity-funded organizations are unique:
There is one major reason as to why charity-funded organizations are unique in contexts like this. The reason is in the fact that these are organizations which operate without their own revenue sources. They depend on receiving money from well-disposed people, and then using that money to help people with various unique needs. Subsequently, they have to be very careful in their administrative expenditures and purchase of things like cars for staff and office décor items, like an office floor mat – lest they be perceived to be wasting donors’ funding, and possibly be sanctioned.

Whether it is right for a charity funded organization to invest in office décor:
Opinions vary on this, but many people are of the persuasion that well thought out office decorations can actually add value to charity-funded organizations. A charity funded organization with good office décor stands to benefit from:

Improved perceptions by external stakeholders: this would be the case, provided the office decorations bought are not perceived as extravagant. It emerges that if the external stakeholders (donors for instance) visit the organization’s premises, and they encounter bare offices with no décor whatsoever, they’d tend to get the impression that it is not a proper organization. There are things an office needs, if it is to look proper: and a certain level of décor is definitely one of them. Now improved perception is important for charity funded organizations because, for one, most people would be very hesitant to entrust their money to an organization which looks dubious from the appearance of its offices. But even where the people overcome that perception, they’d tend to perceive it as a ‘cheap’ organization, and therefore tend to give the smaller donations they henceforth believe it deserves, on account of its ‘cheapness.’

Success consciousness in the internal environment: this would tend to have an effect on the organization’s staff morale and general effectiveness in its central mission. It has been established (through well controlled research) that proper office décor can, for instance, improve performance by as much as 15 percent.

The ideal type of office décor for charity funded organizations:
The ideal type of office decoration for charity funded organizations would be that which looks decent, but inexpensive. The office décor items have to look decent, if they are to serve the intended purpose of inducing the necessary level of success consciousness in the organization, whilst also somewhat impressing external stakeholders who may come visiting. But it has to be inexpensive, if the organization is to avoid creating a wrong impression that it is squandering charitably received monies on unnecessary things, like costly office décor.

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Teaching Finance For Non-Financial Managers

Each organization has its own funds. Be it a school, a hospital, a prestigious company, or even down to the smallest convenience store has fund. Funds literally mean a supply of money, stock, or resources that are set aside for a purpose. There should be an accounting of what goes in and out of an organization to properly keep track of the funding.

Funds when not handled properly can turn into a messy business. Your company may be on the verge of bankruptcy and you don’t even know it because you take bookkeeping or accounting for your costs and merits for granted. You may have been spending more than what you are earning.

This is why teaching finance for non-financial managers is an integral part of the success of a business. How can one have a leadership that gets results when one does not even know how to budget?

Finance is the act of managing funds. It often includes saving money and often lending out money. There are different areas of finance namely business finance, personal finance, and public finance. Finance deals with time, risks, and money and how they are related to each other. It also deals with where and how the money is spent and also how the funds are budgeted. There should be money set aside for savings or for storage at the bank and some are left for any expenses needed by the company.

Accounting of funds should be handled by a specialist especially if the company is a large one. A group of specialists would be better so that if something slips by one, the others can recheck it. More brains at work equals to lesser time spent and lesser mistakes.

The accountants or the ones that handle the funds should not only be the ones who should learn about proper funding. Lessons should be taught on finance for non-financial managers so that they would learn the kind of leadership that gets results. Managers should not just think of how to spend money but also how to save it. For example electricity that isn’t in use should be turned off or excess paper should be recycled. Just because a company is not yours does not mean you need not care about its expenses.

Leaders should set out an example to the members of the organization. They should be the role models that the members can look up to.

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