Importance of Financial Management in Organizations

Introduction to
Business Studies

Table of Contents
INTRODUCTION ..........................................................................................................................1
MAIN BODY...................................................................................................................................1
TASK 1 (POSTER) ........................................................................................................................1
TASK 2 ...........................................................................................................................................3
TASK 3 ...........................................................................................................................................5
TASK 4 .........................................................................................................................................10
CONCLUSION..............................................................................................................................13
REFERENCES .............................................................................................................................14

INTRODUCTION
Business Studies is basically a field of study which generally supports in dealing with the
economics, management and business principles. Generally the concept of business studies
basically comprises of elements such as organizational studies, accountancy, human resource
management, finance, operations and much more. The organization chosen for this report is Nike
which is an American multinational corporation which is basically involved in activities such as
manufacturing, design, development, worldwide marketing and selling of items such as
accessories, footwear, equipment, apparel and much more. The organization was founded in the
year 1964 and headquartered in Oregon, United States (Allman,2019). The present report
involves the 4Ps which are used in the marketing mix. In addition to that it involves the external
and internal factors which could result in affecting and impacting the business. In addition to that
it comprises of frameworks such as Pestle analysis. In addition to that, the report comprises of
the role of HR managers for the purpose to motivate the employees. Furthermore, the report
involves theories in relation to motivation and HR. Lastly, the report comprises of the concept of
financial management, importance of financial functions among the company, description of the
financial functions and the role of financial manager in the organization with the sources of
finance.
MAIN BODY
TASK 1 (POSTER)
1

TASK 2
(Group Presentation)
Main internal and external factors that affect the business operations
2