The statement is True about Boundaries : " The Boundaries that formerly separated not-for-profit and for-profit organizations have blurred, leading to a greater exchange of ideas between the sectors "
INTERPRETATION
- The boundaries that formerly separated not-for-profit and for-profit organizations have blurred, leading to a greater exchange of ideas between the sectors.
- For-profit businesses are now addressing social issues.
- Successful not-for-profits apply business principles to operate more effectively.
- Not-for-profit managers are concerned with the same concepts as their colleagues in for-profit companies: developing strategy, budgeting carefully, measuring performance, encouraging innovation, improving productivity, demonstrating accountability, and fostering an ethical workplace environment.
Why are boundaries important in business?
- Setting business boundaries gives you the ability to clearly communicate expectations with customers and clients so they will respect you and your time.
Thus , we can conclude that the above statement is TRUE.
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