Question

9s model of strategic financial management and its details

Answer 1

syrategic managment may expect you to assist with its marketing program. A company may also want you to perform a budget analysis in order to find out ways that the company can cut costs. You should have an astute understanding of accounting, marketing and administrative procedures that are required in order to run a business. The competition for business management positions can be fierce. You should obtain a degree in business administration, accounting or marketing if you eventually want to obtain a business management position.

Answer 2

Strategic financial management is the study and management of finance for the long term strategic goals of the enterprise. It deals with investment decisions, financing decisions, liquidity decisions, dividend decisions, and profitability decisions.

Explanation:

• Strategic Financial Management refers to the strategic management of finance and the aspects of various business strategies
• Strategic financial management helps to manage the finances and has the responsibility to establish whether the organization will be able to finance its operations for achieving its objectives and maximize its profits.
• The various aspects of decisions related to liquidity and working capital, budgeting, financial planning, and financial control are all important to be taken into consideration while making decisions.

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Importance of strategic financial management

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