Not for profit organizations are simply the organizations which commercialize for no profit. These organizations exist for the purpose of welfare of society and for charitable reasons. These organizations do not provide their shareholders and trustees with any profit. Instead they help the people of the country in different ways. There are many not for profit organizations present in UK, which are helping the people and country in many ways. Each of these organizations has their own purpose and they plan and work according to it.
ACE Foundation is one of the not for profit organizations present in UK, which is playing a unique role in the country. The purpose of the organization is developing cultural and international understanding. Culture plays a unique role in every society, and it necessary that people understand their culture and respect it. It is also necessary that people understand the importance of international relations and how culture has an impact on it.
ACE Foundation is a not for profit organization which is serving the country for many years. It plays an important role in the welfare of society and helps students in getting aware of international relations and culture. They also provide scholarships to students who are capable but can't afford studies. The management of the organization and their strategic planning has helped the organization in successfully growing in the society. Strategic planning is not an easy task; it requires a lot of efforts and an analysis of external and internal environment.
Discussion
ACE foundation focuses on the development of culture and international understanding. It is helping the society in many ways, and is also helping students in their studies by providing them scholarships. ACE is a not for profit organization which is working on the principle of improving the society. There are many shareholders and supporters present which have supported ACE in accomplishing its goal in these many years. They support the foundation in bringing changes in the society. They are not looking for any personal benefits and profits; instead they want to bring some good changes in the society by helping people. ACE is playing an important role in the country, and it is supported by people and government.
If ACE foundation wants to get involved in strategic planning it is necessary that they analyze the external environment. Analysis of the external environment helps the organization in viewing the different aspects of the environment. These aspects include the political, environmental, social, and technological factors which have an impact on the organization. The analysis of the external environment also helps in evaluating the existing strengths, weaknesses, opportunities and threats. If any organization wants to continue its processes and operations successfully, they should keep on analyzing the external and internal environment. This will help the organization in many ways.
The analysis of the external and internal environment can be done using two different analytical tools. The analytical tools include PEST and SWOT analysis, which is being ...