Enhance or maintain its image and reputation, Financial Management

Assignment Help:

a) Marketing might be vital to an organisation such as WHSG for several reasons, including:

• The need to be a focus for the right kind of students to the school (there are rival schools in close proximity)

• exact marketing is required to attract the most academically terrific students (WHSG is a selective grammar school); thus effective marketing will reduce/prevent those unsuitable from applying

• To inform key stakeholders (such as the local community and parents) about school achievements

• Marketing can help to improve the school's market standing and its public relations

• To enhance or maintain its image and reputation, i.e. to uphold its reputation of excellence

• To attract donations and/or sponsorship deals to increase school finance

• Any other appropriate factor b) People are vital in the marketing of schools. In this case, it is most likely to refer to the support staff and teachers of the school. The functions mentioned in the case study suggest that teachers and other members of staff need to portray a fitting image (such as the qualifications and quality of the staff), in line with the organisation's civilization and objectives.

The physical evidence (the facilities and buildings) of a school is also important to its marketing. Parents (the customers) are unlikely to want to send their children to schools that lack enough facilities. Schools with sufficient space, ICT equipment and other resources are more likely to be promoted successfully. certainly, the physical environment of a school can have a direct impact on customer perceptions of the quality of learning and teaching in the school.

Processes in schools are also essential to their success. Procedures such as entrance exam administration and communication links with parents will affect the general level of customer service. The quality of delivery in learning and teaching will also obviously affect the level of customer satisfaction. Other processes might include: the school's entrance exams (for selecting students), information evenings for parents, music concerts, charity events and drama productions.

There have to be consideration of all three P's for full marks. Award up to 4 marks if only two of the three P's are covered.


Related Discussions:- Enhance or maintain its image and reputation

Conversion ratio, It is the number that tells how many common stock...

It is the number that tells how many common stocks (or preference stocks) will the bondholder receive at the time of conversion. It is usually constant over

Categorization of management risk , Categorization of management risk: ...

Categorization of management risk: Once each event has been evaluated, and been classified as to its probability and impact, the next step is to categorise those events. To do

Define why it is hard to maintain a fixed exchange rate, Once capital marke...

Once capital markets are integrated, it is hard for a country to maintain a fixed exchange rate. Explain why this may be so. Answer: one time capital markets are integrated int

Determine the steps for managing the funds, Determine the steps for managin...

Determine the steps for managing the funds For managing the funds first thing you would need is information. Externalinformation has to be collected from environment and accoun

Stock market, functions of stock market in usa

functions of stock market in usa

Explain the benefits and drawbacks of financial hedging, What are the benef...

What are the benefits and drawbacks of financial hedging of the firm’s operating exposure vis-a-vis operational hedges (like relocating manufacturing site)? Answer:  Financial he

Incorporation of the risk in investment proposal, Q. Incorporation of the R...

Q. Incorporation of the Risk in Investment Proposal? Incorporation of the Risk in Investment Proposal: - As stated previous risk is involved in every capital budgeting decision

Breaks in specific cost of capital, Breaks in Specific Cost of Capital: Th...

Breaks in Specific Cost of Capital: The specific costs of capital may also be affected by the amount of finance the firm wants to raise. As the amount of financing increases, the

What is dividend decision, What is Dividend Decision Determination o...

What is Dividend Decision Determination of funds requirements and how much of itwould be generated from internal accruals and how much to be sourced from outsideis a crucial

Major advantages of preparing a statement of cash flow, QUESTION 1 ...

QUESTION 1 Part A i) Define the terms finance lease and operating lease and explain how you would distinguish between the two leases ii) When accounting for fina

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