Mkt230 - Financial Sustainability
Team B’s presentation will review 5 financial areas within ABC Co. We
will first define financial sustainability; address calculating cost,
revenue, and profit, the rule of 72, calculating interest, and compound
interest. We will use math concepts and rationale businesses and how
companies can use our math concepts and rationale to achieve financial
sustainability.
What is Financial Sustainability?
Mkt 230
* Define it!
* Is it a buzzword?
* What does it mean to an individual?
* What does it mean to an organization?
* Is it important for a business owner to understand financial sustainability in both personal and professional areas?
Mth209
- Financial sustainability has become something of a buzzword in the
non-government sector (NGO) sector. We believe that it’s an important
financing strategy to help companies decide what opportunities and
activities the organization should pursue once they develop a financial
strategy (Mango Guide, n.d.). “The first step to helping an individual
or business understand their financial health and wellbeing is how we
define financial sustainability? What is financial sustainability? To an
entity, financial sustainability refers to the ability to sustain
itself financially. To an individual, this means to financially live
within one’s means” (University of Phoenix, 2010).
Mth 209
- When our team met with ABC Co. we gave first gave the chief financial
officer and his team the financial sustainability definition for both
an individual and an entity. Why did we give them both definitions?
Because we believe that if you can’t manage your individual finances you
probably won’t effectively manage your business finances either.
Mth 209
