Explore financial and ethical aspects that influence the management of intercollegiate athletics.
Address the type of financial analyses that would be appropriate for analyzing the budget and comparing it with those of similar colleges.
Evaluate the university’s fundraising options and recommend the best strategy for funding.
Discuss the role of money in college sports, evaluating the effectiveness of revenue sources and identifying potential greater ethical or legal concerns.
Assess potential ethical issues that may arise, including those related to paying student athletes.
Sample Answer
Financial and Ethical Aspects in Intercollegiate Athletics Management
Managing intercollegiate athletics involves a complex interplay of financial realities and ethical considerations. The pursuit of athletic success often brings significant financial demands, which in turn can create ethical dilemmas, especially concerning the amateur status of student-athletes.
Financial Analyses for Budget and Comparison
Appropriate financial analyses for intercollegiate athletic budgets focus on revenue generation, cost management, and comparative benchmarking. These analyses help identify financial health, areas for improvement, and strategic positioning.
Trend Analysis:
Description: Examining how revenues and expenditures have changed over several years (e.g., 3-5 years). This reveals patterns, growth, or decline in specific budget categories.
Relevance: Helps identify sustainable revenue streams, pinpoint escalating costs, and forecast future financial needs or challenges. For example, if travel expenses consistently outpace inflation, it signals a need for cost control measures.