MANCHESTER UNITED

Manchester United

Manchester United

Introduction

The Manchester United Football Club is a football club originally from Manchester, England, and considered one of the most popular in the world, because it has more than 330 million followers worldwide, which is equivalent to almost 5% of the population, with a value of 269 million USD. According to the magazine Forbes in late 2011, it is the richest club in the football world and the second most valuable of any sport. This paper discusses different elements related to the football club. The aspets that have been discussed in this paper include the corporate governance of Manchester united football club, Power/Interest matrix. Furthermore, the paper also discusses the different taught concepts, in order to assess how well the organisation has aligned itself to the external environment and identify key opportunities and threats.

Corporate Governance

A huge debate is raging the world of governance these days as to how the level of trust can be improved in our communities in regards to the governance bodies of companies, aboriginal communities, charitable corporations, and so on. While there are many debates that are presently in progress, the most important ones are playing out in global communities, with other companies taking lead from there (Aguilera, 2002: p.447-465).

Though these debates might seem a little off topic from the daily governance responsibilities, it actually is not. By understanding the different point of views and underlying rationales can help the board of directors to develop practices and policies that improve the governance of their organization and thus improve community's trust in the organizations leadership. In this study we assess the issues that organizations face while choosing the right kind of corporate governance approach (i.e. rules-based or principles based approach).

When it comes to define the concept of corporate governance, there is no universally accepted definition of the said phenomenon. The definition of corporate governance varies from one country to another. This is primarily because each country is different from the other in terms of their culture, historical development as well legal system. The definition of corporate governance is determined in terms of the ways in which a firm's finance suppliers make sure they would get a good Return on Investment (ROI) (Donaldson, 1995: p.65-91).

This definition is deficient because it lays emphasis on financial supply but does not distinguish the relationship that exists between the firm and the legion of stakeholders, who have varying interests and they have to be taken care of. For this reason, corporate governance has also represented as a collective grouping of individuals, who have been unified into a body with authority and power to control things, give directions, and rule and organization.

Another definition suggests that corporate governance is a process by which direction is given to an organization, the organization is controlled and it is also held to account. This entails that corporate governance covers the accountability, leadership, authority, direction, stewardship and control exercised in the procedure of an organization's management. This definition seems more balanced because it distinguishes the requirement ...