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Case Study (Example)

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Strategy to Improve Financial Management for Ready to Learn (RTL) Name Institution Introduction This recommendations report is about Ready to Learn (RTL) a nonprofit 501c-3 organization dedicated to educating pre-school children especially from underprivileged backgrounds. Various educational programs provided and run by the non-profit organization are funded partly by donations and partly from small fees by children attending. Ready to Learn (RTL) is experiencing difficulties in its financial management and responsibilities and thus the need to have a proper financial management plan. According to Papadimitriou (2007) understanding financial management problems which requires analytical dexterity as well as strategic vision. Every organization regardless of size delegates financial responsibilities to expert individuals to allow for the preparation and adoption of financial recommendations. Even non-profit organizations like RTL cope with financial challenges which come with adopting and running efficient operations (Agard 2011). As a financial management consultant for RTL the preparation of for effective financial management; ways of improving the financial management of the organization and; the projected financial operations of the organization after the adoption of the recommendations. References Agard K. A. (2011). Leadership in nonprofit organizations: A reference handbook. Los Angeles: Sage. Grace K. S. (2005). Beyond fundraising: New strategies for nonprofit innovation and investment. Hoboken NJ: John Wiley. Niazi A. S. (2011). Training and Development Strategy and its Role in Organizational Performance. Journal of Public Administration and Governance 1(2) 42-57. Papadimitriou D. (2007). Conceptualizing Effectiveness in a Non-Profit Organizational Environment: An Exploratory Study. The International Journal of Public Sector Management 20(7) 571-587. Parhizgari A. M. & G. Ronald G. (2004). Measures of Organizational Effectiveness: Private and Public Sector Performance. The International Journal of Management Science Omega 32(3) 221-229. Rosso H. A. (2003). Achieving excellence in fund raising: A comprehensive guide to principles strategies and methods. San Francisco: Jossey-Bass. [...]

Order Description:

As always, you need to include a thoughtful introduction and conclusion. Presenting a professional appearance is important. I would like you to approach the assignment as if you were providing this report to an important client. The focus of this assignment will be a Case Study. The Case Study is presented at the end of this assignment guidance. Please read the Case Study carefully and think about the challenges faced by Ready to Learn (RTL), a nonprofit 501c-3 organization. As you read the Case Study, I would like you to consider that you have been hired by the new Financial Manager as an outside consultant to help the organization. The new Financial Manager has asked you to assess the financial health of the organization and provide recommendations on how to address the organization’s financial management issues. Using what you have learned from the reading material provided to date and at least one outside source, write a six to eight page (double spaced) report that is entitled: “Strategy to Improve Financial Management for Ready to Learn.” In this report, I would like you to do the following: Diagnose the current state. Focus on the financial problems and issues facing the organization. Describe how these problems and issues may impact the organization in a negative way. Be sure to identify the financial risks that the organization may experience. Be as specific as possible. Identify and recommend three or four principles ("best practices") for effective financial management that the organization should adopt that will help it to address these problems. Be sure to fully discuss why each principle or “best practice” is important for this organization. Provide a plan for the organization to improve its financial management. Your plan should include your recommendations for specific actions that this organization should take to improve its approach to financial management. Your recommendations should include the following: an objective for each action, a description of the action, an identification of the person or people who should take the action, and the outcomes you hope to achieve by each action. Describe the future state. Provide a description of how the organization will operate when it adopts effective financial management processes and policies. In your essay, please include a minimum of two references to the reading material and at least one reference to an outside source. You will note that the best assignment responses will show very effective use of your sources. However, please be sure to put this material into your own words. You may quote directly, but I would prefer not to see extensive use of quotations. To be clear --- while you may, of course, quote a complete sentence from the reading, do not quote whole paragraphs from the text. The objective here is for you to demonstrate that you have read and understood the material. Please be sure to use proper APA style to document your references and include a reference page at the end of the essay

Subject Area: Finance

Document Type: Case Study

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $70

Words 1650

Pages 6

Completed in 7 days

Expert Kenny K

Client Review

Outstanding

Positive
03.13.2018

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