Effective Financial Management: The Cornerstone for Success » książka
Effective Financial Management: The Cornerstone for Success
ISBN-13: 9781606492338 / Angielski / Miękka / 2011 / 200 str.
In a fast-changing world, brimming with social and economic uncertainty, financial information plays a vital role in the life of an organization and does so with two sets of eyes. One set looks back to see what has happened. This is the accounting function, which is simply about the recording of events and the production of the financial reports that satisfy the stewardship responsibility of management. The other set looks forward to determine the most appropriate strategic direction for an organization, guiding managerial actions, motivating behaviors, and creating and supporting the cultural values necessary to achieve an organization's strategic objectives. This book is all about the second set of eyes, which are the lenses of financial management, that help organizations plot their ways through an environment filled with opportunities and dangers. For students and aspiring managers, as well as those who already have management responsibilities, this book provides an insight, through the eyes of the characters of a start-up company, of some of the ideas and models that help to identify the possible strategies capable of maximizing an organization's value, which is the same as making the owners as wealthy as possible, to determine how to finance the organization in the most proper way, to allocate the collected capital in the most effective way, to monitor the implementation of the chosen strategy to see whether it is meeting the planned objectives, and to reasonably decide on the reinvestment and distribution of profits.
In a fast-changing world, brimming with social and economic uncertainty,financial information plays a vital role in the life of an organizationand does so with two sets of eyes. One set looks back to see what hashappened. This is the accounting function, which is simply about therecording of events and the production of the financial reports that satisfythe stewardship responsibility of management. The other set looks forwardto determine the most appropriate strategic direction for an organization,guiding managerial actions, motivating behaviors, and creatingand supporting the cultural values necessary to achieve an organizationsstrategic objectives. This book is all about the second set of eyes, whichare the lenses of financial management, that help organizations plot theirways through an environment filled with opportunities and dangers.For students and aspiring managers, as well as those who already havemanagement responsibilities, this book provides an insight, through theeyes of the characters of a start-up company, of some of the ideas andmodels that help to identify the possible strategies capable of maximizingan organizations value, which is the same as making the owners aswealthy as possible, to determine how to finance the organization inthe most proper way, to allocate the collected capital in the most effectiveway, to monitor the implementation of the chosen strategy to seewhether it is meeting the planned objectives, and to reasonably decide onthe reinvestment and distribution of profits.
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