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Explain How Economic Systems Attempt to Allocate Resources Effectively

In: Business and Management

Submitted By ahmadhalkayyali1
Words 1166
Pages 5
P1.1
Profit & Noprofit Organizations an organization is a formal structure of relationships, responsibilities and authorities through which specific objectives are achieved an organization is a formal structure of relationships, responsibilities and authorities through which specific objectives are achieved
'A work organization is a social arrangement for the controlled performance of collective goals' (Buchanan and Huczynski, 2004)
The Profit & Nonprofit organizations in our society, there is a lot of profit and non-profit organizations that seek to serve all members of the community either through the sale of products or the provision of services.
And there's an example of a profit organizations that provide services

(Royal Jordanian Airlines)

Growth in Size and Reputation
Royal Jordanian’s role as Jordan’s national carrier has now long been established since 1963. Now under the guidance of His Majesty King Abdullah II, we have ascended from humble beginnings with three aircraft and four regional destinations, to become one of the elite members of a global alliance, a fleet comprising more than 25 aircraft, and a destination network of 54 global stops. Not only have we grown in size, our reputation has been cemented in the public eye through our full membership in one world since 2007.
Centrally Located strategically located in Amman, Royal Jordanian's central hub provides the ideal location through which Europe, Asia, Africa, and anywhere in the Middle East can be easily reached. Our Amman City Terminal at 7th Circle provides a central locale for sales and early boarding services. We are proud to fly in and out of our main airport, Queen Alia International Airport (QAIA), conveniently situated just outside the city.
A Family of Services
In order to ensure quality in all areas of service and operations, RJ owns shares in a number of sister companies related to providing the utmost in air travel services.
Vision
to be the Airline of choice connecting Jordan and the Levant with the world.
Mission
to ensure that our customers will always recommend our airline because we consistently provide: * The highest and stimulation level of safe, secure and reliable air transportation. * A seamless travel experience with exceptional customer care. * Value for money through maintaining cost efficiency.
To ensure that our people will be motivated and work productively as a team because we offer: * A healthy and stimulating work environment with open dialogue and participation. * Competitive employment benefits and rewards. * Opportunities for training and career development. * Energetic and decisive leadership.
To ensure that our shareholders will invest in the company because we deliver: * An attractive return on investment. * Sustainable profitable growth. * The highest levels of corporate integrity and responsibility.
To ensure Jordan will be proud of us because we: * Represent the best of Jordanian hospitality and culture. * Promote Jordan as a destination and a gateway to the Middle East, to both business and leisure travelers. * Support local communities and charities.
Values
we will strive for excellence and those who will succeed in our company will be: 1. Team players * We will enjoy working and succeeding through effective communication, and we believe that we can achieve more by working together as one team. * We respect people's opinions and learn from our differences. 2. Objective * We make decisions based on hard facts and robust business cases, not on emotion or opinion. * We always provide data to make our point and convince our colleagues. 3. Reliable * We constantly endeavor to provide our customers with their needs. * We guarantee strict compliance with the company's internal policies and external regulatory requirements. 4. Committed * We are dedicated to deliver the best to our stakeholders. * We set and achieve high performance. * We take responsibility for our actions and our work. * We listen and respond to both our external and internal customer needs. 5. Caring * We are always understanding and helpful to our customers. * We always try to be supportive and accommodating to our colleagues. * We aim to deliver standards to others that we wish for ourselves. 6. Trustworthy * We are always honest and transparent with our customers, partners and employees. * We nurture trust and respect in our working environment and promote an atmosphere of open communication.
And there's an example about the nonprofit organization
( The King Hussein Cancer Foundation (KHCF))
The King Hussein Cancer Foundation (KHCF) is an independent, non-governmental, not-for-profit institution founded in 1997 by a Royal Decree to combat cancer in Jordan and the Middle East region. KHCF is the legal umbrella organization responsible for the King Hussein Cancer Center (KHCC), the Foundation’s medical arm. The Foundation is run by a Board of Trustees comprised of a dedicated group of prominent volunteers chaired by HRH Princess Ghida Talal. The Director General of KHCF is HRH Princess Dina Mired, and Dr. Asem Mansour is the CEO/Director General of KHCC.

The King Hussein Cancer Foundation is dedicated entirely to cancer care. Our mission is to:
Provide state-of-the-art comprehensive cancer care to the people of Jordan and the Middle East region
Offer access to education, training and public awareness aimed at the early detection and prevention of cancer
Supply access to research in order to decrease mortality and alleviate suffering from cancer with the highest ethical standards and quality of care
Provide limited coverage for cancer treatment at the King Hussein Cancer Center for a small annual fee
Undertake various fundraising activities to help support and maintain the mission of KHCC as a comprehensive cancer care center of excellence.

The King Hussein Cancer Foundation is the largest community-based organization fully dedicated to combating cancer in Jordan. Our work includes: 1. Fundraising and Development
KHCF has institutionalized fundraising, involving people from all walks of life in the fight against cancer. Through a wide variety of programs and activities KHCF works to rally support - locally, regionally and internationally - in order to achieve its life-saving mission. 2. Global Work
KHCF is actively involved in the fight against cancer and as such is an active contributor to various forums and conferences through which it becomes a pressure group on the global community. The Foundation's global work aims to increase funding and key partnerships in order to obtain the resources and support necessary to combat cancer more effectively in Jordan. 3. Supporting Patients
KHCF strives to ensure that patients are treated as a whole at the King Hussein Cancer Center, with the primary focus on supporting underprivileged and vulnerable patients. This means ensuring that each patient's individual needs are met financially, emotionally and spiritually. 4. Cancer Care Coverage Program
KHCF runs the largest non-profit cancer coverage program in Jordan that covers patients exclusively at KHCC for a minimum annual premium. 5. Prevention, Awareness and Early Detection
Through its work, KHCF supports and leads a variety of programs designed to increase cancer education and awareness and to promote early detection in several areas, such as breast cancer, tobacco use, nutrition and healthy lifestyles.

References: http://rj.com/en/profile.html http://rj.com/en/operating_values.html?learn_more
http://www.khcf.jo/section/our-mission…...

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