Case Studies What are case studies? Case studies are stories. They present realistic, complex, and contextually rich situations and often involve a dilemma, conflict, or problem that one or more of the characters in the case must negotiate.
Hala Madrid Case Solution 4. Why is financial prudence so important at Real Madrid? The president of the club wants to make a record in generating revenue by winning the election, but sports result are disappointing, which make the budget more complex.
In order to achieve the objective of the club, the budget needs to be in reasonably good shape for the upcoming press conference.
Along with that, the club should have a healthy balance sheet so that it will be able to achieve growth. In addition, the company has a good financial position and they can execute the planning process effectively and efficiently.
The management committee should meet face to face in the conference so that important decisions can be made. The committee and journalist would have to analyze all the main budgetary line and question underlying assumption in order to estimate the financial prudence of the plan.
This this the main reason to understand why budget variation would help the club in improving the accuracy of the new budget.
Does this mean that, given the preliminary numbers, Real Madrid should not hire anybody? Real Madrid isone of the wealthiest soccer clubs in the world. Because of the poor result, the team can be eliminated from the UEFA Champions League and losea record of five games in arow in its national competition.
Along with that,fans of their players were showing a feeling of bitterness. In order to face these challenges, the president of the club has to form a budget so that the challenges can be incorporated.
There are many other ways the president can be used in order to eliminate these challenges without hiring any new player. The club can provide training to the existing players who increased the performance of the team so that club will able to maintain a winning form. How is it possible to escape the Gordian knot of the undesirability of running a deficit while at the same time needing to hire?
Suggest options to eliminate the deficit. According to the case, the case shows the three scenarios, scenario A is the base case while scenario B is two megastars acquisition and Scenario C is four rising stars acquisition.
So on the basis of the budget, calculation of the scenario B is in deficit; this means that when the club hires the 2 megastars, the club will have to pay more cost transfer fee and salary because they are considered to be successful performers, who have experience and expertise in playing in the national competition.
When two megastars would be hired, they charge more because they have a great reputation in the market. Option 1 The president of the club can provide training to the existing stars rather than the hiring any stars. The reason for this is that the hiring of stars will increase the hiring cost, which can effect the performance.
Moreover, they have to pay high transferring fee and high salary for megastars and on the other hand, the company has to provide training to the rising star as well since they have no experience of playing in the national competition.
Therefore,it will be the better option for the club to provide training to existing players of the team so that the performance of the team can improve.
Since the existing team is more comfortable; if any one of the team member gets replaced in the transfer market,it will affect the performance because the team players will feel the insecurity of getting fired or sold. This is just a sample partial work. Please place the order on the website to get your own originally done case solution Related Case Solutions:Hala Madrid: Managing Real Madrid Club de Futbol the Team of the Century Case Solution, Florentino Perez, president of Real Madrid, one of Europe's leading football team prepares for a press conference in which he will be asked about his plans.
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