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Financial management is the business function concerned with profitability, expenses, cash and credit. These are often grouped together under the rubric of maximizing ...
Strategic financial management is the study of finance with a long term view considering the strategic goals of the enterprise. Financial management is sometimes referred to as "Strategic Financial Management" to give it an increased frame of reference.
Middle management is the midway management of a categorized organization, being secondary to the senior management but above the deepest levels of operational members. An operational manager may be well-thought-out by middle management or may be categorized as a non-management operator, liable to the policy of the specific organization.
Comprehensive financial planning serves as a roadmap for your finances. It allows you to set realistic goals, choose effective financial products and monitor your progress over time. A financial ...
Financial goals can help you visualize necessary steps to make smart money decisions. When looking at the big picture, these goals can prepare you to pay off debt, save for a comfortable ...
For example, a long-term goal would be to "retire at age 65 with a personal net worth of $1,000,000", while a short-term goal would be to "save up for a new computer in the next month." Setting financial goals helps to direct financial planning by determining the parameters and expectations one aims to achieve.
By contrast, a short-term financial goal might be one that you hope to reach in a year or two, and a mid-term goal might take two to five years. Here are a few key takeaways: A common long-term ...
The primary goal of financial management is to maximize or to continually increase shareholder value. [ 14 ] [ a ] This requires that managers find an appropriate balance between: investments in "projects" that increase the firm's long term profitability; and paying excess cash in the form of dividends to shareholders; also considered will be ...