The sole aim of this report is for marketing and promotional purposes of the Not-for-Profit medical research center. There is an increasing interest in the reporting of Not-for-profit organizations However, annual reports are part of an overall strategy to communicate with stakeholders, to donors and users, and can help foster public trust and build community and government support. It also helps build organization reputation, and can be a key means of reaching new donors, partners, volunteers and sponsors.
ORGANIZATIONAL PURPOSE
The Not-for-Profit medical research center is an organization engage on research, on diseases regarding aging. The Organization relies on raised funds from varying sources, including public, individual and the federal government.
USERS OF OUR REPORT/STAKEHOLDER
The users of our Report range from the stakeholders, to past donors including future donors.
MISSION/VISION
Our vision is a world free from aging diseases. We research into diseases related to aging. The Not-for-Profit medical research center is committed to produce a shorter, simpler and easy to read report that can be used for marketing and promotional purposes, to have it mailed to the stakeholders, past donors and high potential future donors. This is our vision and mission for our future outlook.
STRATEGY
Not-for-profit medical research center continuously collect data from patients, parents etc. And identify issues and make adjustments to our methods based on user/stakeholders demand. 1 Our strategy is aimed at determining long term goals and objectives which will strengthen our relationship with stakeholders, encourage our past and future donors and subsequently improve our organization. We have identified stakeholder needs and we have set certain machineries and strategies in place to achieve optimum satisfaction.
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We work closely with stakeholders and staffs to create the strategic plan that define our vision. We will continue to find new ways to obtain acceptable results on aging diseases and guarantee users satisfaction. The communication strategy we developed and implemented have been of benefit to our users, stakeholders and donors. We will expand our effort to improve our objectives. Due to our obvious progress, individuals, public and government have been very reliant on funding and support.
GOALS AND PERFORMANCE
Our goals and performance range from successful research regarding aging diseases to our stakeholder’s satisfaction in past years. We have been funded by the general public, individuals, groups and government. And donations to our organization are without seizing, and we have effectively utilized the funds and donations to develop and improve on our research efforts.
RISK OPPORTUNITIES
Despite our fiscal strength, insufficient funding remains a primary area of concern to our organization. The Executive board of the Not-for-profit medical research center is very much aware of the high risk and potential impact on our organization if there are no increase in funding and donations from individuals, public and/or from government. So funding remains one of our top most priorities for continuous operation.
FINANCIAL AND NON-FINANCIAL HIGHLIGHT
Our patients and parents have testified how our products have impacted their lives. Through this means and outcome monitoring, we have identified critical elements to ensure success and stakeholders satisfaction. The Not-For-Profit medical research center financial outcomes are higher than average and our outcome measures, matched our goals for the year. 2
FUND RAISING METHODS AND OUTCOME
The Not-For-Profit medical research center continues to experience strong and increase funding through generous donations. We raise funds that are used to run our programs and operations and our outcomes are measured far above average.
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There are a number of ways of funding research programs to help medical clinics; we may have an aspect where the government lends a hand or seeking the indulgence of the pharmaceutical companies. (NCSL, 2014) The above stated are two of those ways. Acceptance of offers to carry out research depends on the wishes of beneficiaries; they get to choose whom they perceive to be their best options. ( ...
OUTLOOK FOR THE FUTURE
We will continue to provide solutions to aging diseases through our research and products and thus, improve our methods and performance.
ORGANIZATION STRUCTURE AND LEADERSHIP
Our staffs consist of Grace, a marketing specialist, Levi a writer/editor, Lakysha, a staff assistant and her husband who is a photographer. And we have Alexis as director of external affairs, and also the stakeholders.
GOVERNANCE
The Not-for-Profit medical research center board of directors are ultimately responsible for governance, management and operations of the organization. The Board members bring personal experience to the table and are deeply committed to the aims and objectives of the organization. The Principal Director of the board is accountable both to the staffs and the Not-for -Profit medical research center and our product users. Activities, services and programs are executed by our staffs and volunteers, while administrative responsibilities are delegated to the executive directors. The identification and management of risk is also taken care of by the board.
CONCLUSSION
Our organization is a Not-for-Profit organization, and our research has been on aging diseases and the research center is reliant on funding and donations. Our annual Report possesses new and improved features with intent to show the benefit of the research center and impact on People’s lives.
3 ACKNOWLEDGEMENT
We acknowledge the support of stakeholders to the success of our programs, our past donors, patients and parents who are fans and users of our product and we are grateful to our team of experts/staffs who applied all necessary skills to achieve our great success. Our board of Directors are not left short of sincere gratitude and appreciation.
Reference
Successful project management Gido & Clement 5th edition (Page 130-131) 4
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