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Financial Management: Assignment

   

Added on  2021-02-20

6 Pages1488 Words30 Views
FINANCIALMANAGEMENT
Financial Management: Assignment_1
ContentsINTRODUCTION................................................................................................................................11. Relationship between financial objectives, corporative objectives and corporate strategy................................................................................................................................................12. Impact of government economic policy upon financial planning, decision making ofbusiness..................................................................................................................................2CONCLUSION....................................................................................................................................3REFERENCES.....................................................................................................................................4
Financial Management: Assignment_2
INTRODUCTIONFinancial management indicates towards appropriation and management of financial resourcesin optimum level (Parker, 2012). This report mainly highlights two significant areas first, isaffiliation of financial objectives with corporative strategies and objectives and second is impactof government and economic reforms upon financial objectives, decision making and financialplanning.1. Relationship between financial objectives, corporative objectives and corporate strategyIt is important to understand the meaning of different type of objectives and their natureto establish a cooperative relationship in organisation. These objectives are defined as follows;Financial objectives: these objectives aimed to attain effectiveness and efficiency infinancial management and control. Enhancement of profitability, maximisation of equity andassets, procurement of resources at minimum cost are some key financial objective recognisedin a business firm. For instance, Marks and spencer had a financial objective of increasing thenet profitability by 5% for next year and delivering the shareholder value in terms of higherreturns and enhancement of sales (Kremers and Schoenmaker, 2012).Corporative objectives: A corporate objective is what needs to be done inside a specificperiod of time. Sound business goals can be calculated and have a fixed timeline to be met(Zeff, 2013). These comprise rates of growth of sales, lowest acceptable returns on investmentand profitability. For instance, the corporative objective of marks and spencer was to fulfil themission statement requirements. Corporate strategy: Business strategy orCorporate strategy is spatially theorganisation's primary long term plan which determines the specific organizational prioritiesand objectives and how strategic planning tasks will be accomplished. Corporate strategy canbe of short term or long term period. it mainly provides an overview of overall plan or path thathow organisation will assess the operations as well as resources in order to attain desirableobjectives of business. Succession of its value and vision statement of Marks and Spencer is thekey areas around which corporate strategy is framed (Corporate strategy of M&S, 2019). Relationship between financial and corporate objective and corporate strategy 1
Financial Management: Assignment_3

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