Financial control and control of working capital, Financial Management

Assignment Help:

a) Sponsorship - refers to monetary gifts or donations in support of a business or an event venture in return for a dominant display of the sponsor's name. In this case, FC Barcelona is sponsoring Unicef, but their commercial return for doing so is not so clear.

Social values - the beliefs of a firm regarding what is ethically correct. FC Barcelona believes in giving back something to those less auspicious, i.e. young children in need. Moral and Social values can also refer to the social responsibility towards other stakeholders, such as employees. The values of the business are strongly linked to its organisational culture and will guide its behaviour.

b) There are numerous possible reasons for FC Barcelona choosing to sponsor a NPO such as Unicef. For example:
• FC Barcelona is simply hold to its social corporate responsibilities
• There may be indirect commercial benefits for FC Barcelona, such as a wider fan base and an improved corporate image
• The Club is following its morals, i.e. it is more than a football club (that seeks to make money)

c) Although commercial marketing strategies have long been used by businesses that aim to make the most of profits, NPOs have also increasingly used marketing to improve their finances. Students are apt to discuss a range of marketing strategies used by NPOs, such as;

• Social marketing
• Sponsorship deals
• Slogans (catchphrases) and logos
• Public relations
• De-marketing

Such marketing strategies, and others that the student might believe, are used with the aim of achieving organisational objectives. However, it is unlikely that marketing strategies alone will truly enhance the effectiveness and efficiency of NPOs. Financial control, such as the control of working capital, will also be critical to the performance and survival of NPOs.


Related Discussions:- Financial control and control of working capital

Partial correlation coefficients , In multiple correlation equations we are...

In multiple correlation equations we are often interested in finding out how much of the variation in the dependent variable is explained by one independent variable if all the oth

Describe the meaning of financial management, Q. Describe the Meaning of Fi...

Q. Describe the Meaning of Financial Management? Meaning of Financial Management: - Financial management is a vital as well as an integral part of business management. It demot

Financial management and production department, The production department i...

The production department in any firm is concerned with provision of production facilities, production cycle, skilled and unskilled labor, storage of finished goods, capacity utili

Define is it preferable to use an import quota or a tariff, Suppose the gov...

Suppose the government wants to limit imports of a certain good.  Is it preferable to use an import quota or a tariff?  Why? Modification in domestic consumer and producer surp

How does the net present value relate to value of the firm, How does the ne...

How does the net present value relate to the value of the firm? The net present value is the dollar amount of the amend to the value of the firm if the project under considerat

Illustrate the comparison between equity and debt, Illustrate the compariso...

Illustrate the comparison between equity and debt Equity and Debt: A Comparison 1. Equity shares don't carry any fixed charges on them. If company doesn't generate positiv

Average of relatives method, Average of Relatives Method We have seen ...

Average of Relatives Method We have seen the construction of an index number using the aggregates method. In this section, we shall see the construction of an index using the

Solution to shareholders versus managers conflict, Solutions to this Confli...

Solutions to this Conflict In common, to make sure that managers act to the best interest of shareholders, the firm will: (a) Acquire Agency Costs in the form of:

Capital structure decisions: the basics, i want some presentation slides of...

i want some presentation slides of this chapter from page 570 to 580

When are the financial crises occurred, When are the financial crises occur...

When are the financial crises occurred? Financial crises arise where there is a large raise in asymmetric information into financial markets. Asymmetric information arises whil

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd