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

Nature of the business, Q. Nature of the business? The working capital ...

Q. Nature of the business? The working capital requirement of the firm basic depends upon the nature of the business. public utility undertaking like the water supply and rai

Currency swap, How exchange of principal and interest in one currency? E...

How exchange of principal and interest in one currency? Expalin

Marketing, How to use integrated promotional mix to achieve marketing objec...

How to use integrated promotional mix to achieve marketing objectives

Explain the capital market process, Question 1 State the key functions of ...

Question 1 State the key functions of the financial market. Question 2 Define "Bill of exchange". What are its features? Give different types of cheques. Question 3

Explain accept-reject criteria, Q. Explain Accept-Reject Criteria? Acce...

Q. Explain Accept-Reject Criteria? Accept-Reject Criteria:- If actual ARR is elevated than the predetermined rate of return .......................Project would be accep

The characteristics of the website development project, P Company manufactu...

P Company manufactures and sells a range of children's clothing through its retail shops and is currently designing a website in order to allow customers to purchase products onlin

Savage friedman, Question: (a) Describe the axioms of utility. (b) An eco...

Question: (a) Describe the axioms of utility. (b) An economic agent has a logarithmic utility function, U(W) = lnw and has initial wealth $20,000. She is offered the subsequent g

Macro-economic analysis, Macro-Economic Analysis Measuring the Level o...

Macro-Economic Analysis Measuring the Level of Economic Activity Gross National Product (GNP) and the Gross Domestic Product (GDP) are the two most widely used aggregates

Cost control strategies in organisations, 1. List the common elements of a ...

1. List the common elements of a submission for a major resource acquisition (purchase) 2. What is the difference between: A fixed asset and current asset? 3. If you worked i

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