Flashcards in Chapter 1: LSO's Deck (6)
Characteristics of LSO's
- Employs 200 + people
- Revenue in millions/billions
Purpose is to provide goods, services or funds to the broader community or disadvantaged and raise awareness. The profits they make are used to expand the organisation.
For example, a charity such as World Vision raises funds to help fight starvation.
Or a Foundation such as McGrath foundation set up to financially support community based organisations.
An organisation is two or more people working together to achieve an objective.
Is a desired goal, outcome or specific result
Are a set of moral principles and values that an organisation develops for people to follow.