Custom research paper on The Financial Perspective

Internal operations
The BBBSA conducts internal operations which are focused on the development of educational programs and provision of mentoring services to children. In this regard, the organization focuses on the attraction of volunteers to work in the agency to save costs on the labor force and to get free financial resources to develop its programs and services. Furthermore, the agency maintains training programs for volunteers working within the agency. In such a way, the BBBSA increases the qualification of its volunteers without spending money on the employment of professional educators and trainers for volunteers.
Strategy
The strategy used by the company involves the provision of mentoring services to children in need to help them to carry on their education and stay in school. The agency expands its operations internationally and promotes its services to attract the public attention.
Management systems
The BBBSA uses the liberal management style and has the transparent management system. To put it more precisely, volunteers working within the organization work in teams. Each team has a manager, who coordinates the work of a team. Managers work under executives managing operations of the BBBSA units in local organizations. Executives managing units in local communities work under the board of top executives, who coordinate the work of the BBBSA internationally.
Three objectives to improve the organization’s financial performance
The first objective is the organization of charity events. In such a way, the organization of charity events can improve the financial position of the BBBSA. custom research paper
The second objective is the promotion in mass media. The BBBSA needs the promotion to attract the public attention to problems the agency attempts to tackle and, thus, to stimulate the public to support the agency’s operations financially.
The third objective is the participation of the organization in the community life. The involvement of the BBBSA in the community life helps the agency to gain the support of the local community and to enroll children in its programs.
Measures
To meet the first objective, the BBBSA should focus on the involvement of the agency in the organization of charity events. In such a way, the agency will attract financial resources and public attention to its operations.
Furthermore, the creation of advertisements and promotional slogans of BBBS agency will help to meet the second objective.
Finally, the BBBSA should show donators that their donations can improve the position of children in need consistently and help in their education. In such a way, the agency will make donators confident that their donations will be used properly.
Targets
The implementation of the first measure will lead to obtaining money for the organization from charity events
The implementation of the second measure will contribute to the promotion of the organization in mass media.
The implementation of the third measure will create a positive image of the company and to attract new donators. In such a way, the BBBSA will be able to raise funds and to carry on its performance.
Actions
To meet the first objective, the BBBSA can organize charity auctions to sell pictures or photos made by children to the public within the community.
To meet the second objective, the BBBSA should place its advertisements in print media, internet, local television.
Finally, to meet the third objective, the BBBSA should organize training for children in need and development of various educational programs for children in need.
Thus, taking into account all above mentioned, it is important to place emphasis on the fact that the BBBSA has to attract substantial financial resources to carry on its operations to meet its mission and vision and to implement its current strategy. In this regard, the agency has to meet the objectives using means mentioned above.

 

 

References
Drucker, P. F. (1999). Management Challenges of the 21st Century. New York:Harper Business.
Kaplan, R. S. and Bruns, W. (1987). Accounting and Management: A Field Study Perspective. Harvard Business School Press.
Sapp, R. et al. (1990). “Article title?” Journal of Bank Cost and Management Accounting.
Staubus, G. J. (1971). Activity Costing and Input-Output Accounting. Richard D. Irwin, Inc.



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