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Financial Management - Sainsbury's Assignment

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Added on  2021-02-20

Financial Management - Sainsbury's Assignment

   Added on 2021-02-20

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Financial Management
Financial Management - Sainsbury's Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK ..............................................................................................................................................11. Relationship between financial objective and corporate strategy...........................................12. Government economic policy interact with planning and decision making in business........2CONCLUSION ...............................................................................................................................3REFERENCES ...............................................................................................................................4
Financial Management - Sainsbury's Assignment_2
INTRODUCTIONIn business era, the process of planning, directing, organising and controlling each andevery financial operation like planing and using of monetary funds within an organisation isknown as financial management (Barth, 2015). Manager of companies use to make three type ofdecision related to investment, dividend and financial decision that support in managing thefinance within specific period. To better under the working of financial management Sainsbury'sis collected, it is the 2nd largest supermarket chain in UK. In this project, relation between financial, corporate objective and corporate strategy isdiscussed. Apart from this, government policy interact with decision making of company. TASK 1. Relationship between financial objective and corporate strategy.In modern era of business, financial management is consider to be the most crucial sectorfor a company that helps top attain the financial and corporate objective by following companystrategy. Financial managers should agree on plans for funding, investment and cash flowmanagement. Moreover, manager identifies whatever the firm's priorities are that can settle withthe support of following corporate tactics.Financial objective of Sainsbury's: Companies in present time are mainly focused togrow financial stability and profitability by developing major financial area such as bycontrolling expenses, arranging monetary funds for various operation, implementation ofworking capital management policies, dividend decision. Sainsbury's has leading chain ofsupermarket all over the world and have the main focus to expand business in remaining part ofglobal by increasing total revenue. The present net profit of company is 219 million GBP whichmanagement estimate to increase approx 402 million GBP in upcoming year, by reducing theoverall expenses on non profitable activities. Corporate objective of company: Corporate priorities are those relevant with entirebusiness. These are typically set by the company's top managers and concentrate on establishingmore specific targets for the company's main operational activities. The manager of sainsbury'shave a defined a simple objective that is to provide best quality of goods and services forcustomer and give stakeholder with best and sustainable financial results. Throughcommunicating the desire for consumers for good, nutritious, fresh and delicious food,1
Financial Management - Sainsbury's Assignment_3

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