Session Objectives on Policies and Procedures

What type of organisation is focused on generating profit?

• Profit

• Not-for-profit

• Social enterprise

• Charity

What type of organisation combines social goals with commercial activities?

• Profit

• Not-for-profit

• Social enterprise

• Charity

What type of organisation is involved in promoting the welfare of others, typically through generous donations?

• Profit

• Not-for-profit

• Social enterprise

• Philanthropy

Explain the types of policies and procedures that a profit-making organisation may have in place.

• Financial policies and procedures

• Human resource policies and procedures

• Marketing policies and procedures

• All of the above

What types of policies and procedures might a not-for-profit organisation have?

• Financial management policies

• Volunteer management procedures

• Fundraising strategies

• All of the above

Explain the concept of social return in investment policy for social enterprises. How does it benefit the organisation?

• Social return in investment policy measures the social impact and benefits created by social enterprises, enhancing their reputation and stakeholder trust.

• Social return in investment policy focuses solely on financial gains for social enterprises.

• Social return in investment policy is irrelevant to social enterprises.

• Social return in investment policy only benefits the investors, not the organisation.

Charities might need to produce which types of policies before receiving funding?

• Financial policies

• Environmental policies

• Human resource policies

• All of the above

What policies might philanthropic organizations have to increase their connectivity with the local community?

• Engage in community events and partnerships

• Focus solely on international projects

• Limit interactions to online platforms

• Avoid collaboration with local entities

What factors must organisations consider to ensure that a policy/procedure is fit for purpose?

• Accurate, valid, consistent, and appropriate

• Fast, efficient, and cost-effective

• Innovative, creative, and flexible

• Secure, private, and confidential.

Why is it important for a policy or procedure to be reliable and clear in the steps it is saying to take?

• To ensure consistency and understanding

• To make it more complex

• To confuse the users

• To increase the length of the document