+1 862 207 3288 please Evaluate Key Success Factors from the paper
-Please correctly evaluate each of the KSFs and provide adequate justification for evaluation
company that we are using which is “united way sun cost ” a charity company
this is there website if you want any extra information
Evaluate Key Success Factors:
-Paper correctly evaluates KSFs and provides adequate justification for evaluation
Key Success factors
The social service industry is driven by many unique factors that differentiate the industry from others. The revenue streams are
dependent on contributions, grants, and investment income. Very specific groups are the contributors for the income are identified and must
be attracted to the wellness of social health including social issues. No single key factor of this industry accounts for majority of the
growth in social services, rather it is spread out in small percentages.
As in many industries, a healthy economy is important in order for the social services industry to grow as it gives people more time
and money to contribute to businesses that help the social environment. Government, corporations and Individuals first priority is to help
themselves before supporting other organizations.
Per capita disposable income is a key factor that drives social services because when individual’s income levels rise it allows more money
and time to be put into social services. Changes in per capita disposable income affect membership and the level of donations to an
organization. “Greater disposable incomes enable more individuals to afford the cost of joining and donating to organizations. Per capita
disposable income is expected to increase during 2015”.
Federal funding for social services Government funding accounts for about 4.8% of the industry revenue of $17.9 billion dollars. Therefore,
fluctuations in federal funding have a large effect on industry revenue growth. “In recent years, federal funding for social services has
been limited because of national budgetary concern.” However, Federal funding for social services is expected to slowly increase over the
next 5 years.
Corporate profit organizations also have a large portion of the funding through donations and partnerships with corporations in the social
service industry. Corporations have a huge impact on the industry not only because of the funding they may provide, but also the awareness
they spread through distribution channels. When profits increase, these corporations are more likely to partner with and contribute to
organizations that promote Social Services increasing revenue year over year.
Adults aged 65 are an important part of the social service industry as they have a high amount of leisure time which usually evolves into
donating or becoming a member of industry organizations. “On average, Americans aged 65 and older spend over half an hour a day on civic and
social activities, far more than other age groups. Because of their ample leisure time (on average over seven hours a day), many seniors are
leaders of local industry organizations.” Furthermore, this older generation is known to have the high amount of disposable income therefore,
is more likely to afford membership fees and make donations to civic and social organizations. “Over the past five years, because of medical
advancements that have allowed Americans to stay healthy and live longer, and because the baby boomer generation has started to cross the
retirement threshold, the number of adults aged 65 and older has increased, assisting industry growth.”
The last key-driving factor of the industry is college students. College students are active in many industry organizations, such as
sororities, fraternities, educational groups and other college-oriented social and civic organizations. Additionally, getting young
individuals involved not only helps in the present time, but also increases the chances of them participating with social services in the
future as business leaders with degrees getting more corporations involved.
