Private Fitness, Inc.

The purpose of this paper is to describe the budget process, variances and the major reasons of the variance to make all the financial decisions of the firm properly. This paper would also be helpful to explain that “make” or “Buy” decisions also play a significant role to improve the efficiency of the firm. In addition, the paper would also be useful to clarify that non-financial performance measure may be unsafe for the image of the firm.

http://www.fitnessnetwork.com.au/resources-library/australian-fitness-industry-survey-statistics: Members need to understand how to keep them for as long as was originally intended when they join their club

A third functional area is Finance. This area handles the issues of “raising capital for the operations and ensuring sufficient revenue is generated to cover the cost of any finance raised”. Namely, the department is required to assure that the organization has enough money to run accurately(Jiang, 2009). Here a manager must make organizational decisions if there is not enough revenue coming in to the business. Financial cuts may have to take place and he/she must plan out how to return to a place of stability. The manager mostly shows disturbance handler role by improving the organization’s structure, responding to conflicts and eliminating disturbances and negative events in the enterprise; this manager also shows resource allocator role by choosing where the organization will expand its efforts, distributing limited resources in the organization and prioritizing tasks and procedures (Cieślińska, 2007).

A particular stressful situation that occurred within the last year was my unrealistic goal to become Personal Trainer certified through the National Strength and Conditioning Association (NSCA) in three-months (over the summer). What made this goal difficult was the fact that it took me a long time each day to finally sit down before my book to study, there were days I had to take care of my grandma in place of her other caregiver, spending too much time at the gym, wasting time on the computer, wasting time on my phone and on social media, and consecutive days where I pushed studying off. All of these points really made focusing on studying hard. Each day my intentions were to get to work and work hard, but just the thought of being in the action of studying repelled me from sitting down and doing so. In all honesty, some days were easier than others, but the majority weren’t as so. To add to all of this, I had the pressure of the promise I’d made to so many people of being certified before starting this last semester of college. Given this goal I had for myself, and knowing that getting focused on the work each day wouldn’t be easy, I had a select few hold me accountable for getting my studying done. The support systems I had in place were my mom, girlfriend at the time, and my dentist, who I was training at night, five-days a week. My mom was definitely the one who was on my case the most about how much I’d gotten done each day—she’d ask every day after work. She was

9. MANAGEMENT SYSTEMS. The primary management systems that will be used in the company will be training, leadership and commitment which will equal our success. A better illustration can be seen above. The organization will have workshops that will provide clients with employee relations, law information and education that will help support an effective and efficient workforce.

I have researched five significant Management Information Systems that could potentially create positive changes within the organization. Collectively or individually, these systems will assist in the administration of the data that flows throughout the organization and potentially smooth the process at which it is deciphered.

In Canada, the fitness market was growing at approximately 6 percent a year due to some reasons like demographic changes, marketing programs and preference of individuals. GoodLife Fitness Clubs was founded by David Patchell-Evans in 1979 as a sole proprietorship. Philosophies of the company were to provide health, fitness and self-esteem so that people feel better about themselves. GoodLife has become Canada’s largest health club chains, with 40 clubs in Ontario and Quebec by May 2000 with over 70,000 members. Head office of GoodLife was located in London, Ontario with the role of providing leadership and support for the franchisees and company-owned clubs. From the beginning, the

I am interested in being a personal trainer because I want to make a difference in peoples lives through fitness. Fitness has changed my life in so many different ways, and helped me get through college. I want others to experience what I did. I also am interesting in meeting all different kinds of people and getting to learn more about them, and how fitness can change their lives for the better.

Even though financial management "is a broader concept than accounting", the idea of financial management is more than just accounting for where money is spent, it is based on the analyzation of organization's economic

In tough economic times, companies are looking for ways to continue to provide services and products to the public without compromising quality and efficiency. When it comes to smaller businesses, or businesses that provide the same product or service, it is often wise to merge the companies together to form a stronger, more stable structure. This will take place when Frithsen Physical Therapy merges with Select Physical Therapy. Select Physical Therapy is a national corporation that provides physical therapy as well as aquatic

A key role financial organisation plays for the duration of both planning and development stages, is to produce and relay information to management, shareholders, and stakeholders showing in monetary values the economic stability of business resources (Noll and Zimbalist, 1997). These responsibilities can be categorised as: overseeing financial risk, protecting the integrity of company finances, motivating managers to establish competitive value, attracting money into company projects, future proof planning and controlling performance improvement (Bonham and Langdon,

Robert J. Sternberg, previously the dean of Tufts University and currently the provost at Oklahoma State University (OSU), has had an opportunity to see the benefits of college athletics, including lifetime fitness leadership, stress relief, and loyalty second-hand. It is important to analyze and understand the view of an outside perspective, specifically a faculty or staff member, because they can see the present, long term outcomes as opposed to a college athlete looking and recollecting memories from the past.

company experienced sharp increases in both sales and earnings. Because of this recent growth, Kaka, the company`s treasurer, wants to make sure that available funds are being

Organizational systems are of great importance companies' success on the market. The most important systems in this organization are represented by the management system, the technical system, the human resources system, the organizational system, and others. Each of these systems has individual objectives, but that are oriented towards the general objectives of the organization. The management system refers to establishing the competence limits within the company, the objectives that each department must have, and the decision making process. In addition to this, the management system also establishes how activities can be delegated within the company.

Managers and supervisors should understand financial information relating to costs, operations, assets, credit analysis, GST transactions, inventory management, invoices and accounts, ect. This will allow them to monitor and control cash