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

I need urgent help in Financial Managment, How to get cost differential whe...

How to get cost differential when 100% done by a single party only.

Financial objectives of the organisation, A brief scenario for each of two ...

A brief scenario for each of two different organisations is presented. You are advised to read both scenarios before answering the questions that follow. Use the scenario details t

Explain and compare forward vs. backward internalization, Explain and compa...

Explain and compare forward vs. backward internalization. Forward internalization takes place when MNCs with intangible assets make FDI in order to use the assets on a larger sca

Bonds, Explain what a bond is and discuss its nature as a "fi xed income" s...

Explain what a bond is and discuss its nature as a "fi xed income" security.Discuss important terms in relation to bonds as the "price", "maturity", "current yield", "yield to matu

Determinants of working capital, Q. Determinants of Working Capital? D...

Q. Determinants of Working Capital? Determinants of Working Capital: - The working capital necessity is determined by a large number of factors but generally the following fa

Evolution of hedge funds, Evolution of Hedge Funds: The establishment o...

Evolution of Hedge Funds: The establishment of the first Hedge Fund in the United States in the year 1949 by Alfred W. Jones marked the evolution of Hedge Fund industry. It was

Cash flow statement, Given below are the cash flows of a project. Find out ...

Given below are the cash flows of a project. Find out the net present value of the project. Cost of capital is 18% and initial investment is Rs. 2,00,000. Year Cash Flows (lakhs)

Swap-linked notes, Swap-Linked Notes: Interest rate swaps are derivativ...

Swap-Linked Notes: Interest rate swaps are derivative products which help in transforming the cash flows of existing debt issues. These are not only useful in covering the exis

Define the process of wealth maximisation, Define the process of Wealth Max...

Define the process of Wealth Maximisation Shareholders' wealth can be defined as total market value of all the equity shares of company. So when we talk about maximising wealth

Case let 2, how would you judge the potential profit of Bajaj Electronics o...

how would you judge the potential profit of Bajaj Electronics on the first year of sales to booth plastice and give your views to to increase the profit

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