Importance and Challenges of International Financial Management: A Case Study of Marks and Spencer

International
Financial
Management

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
CONCLUSION ...............................................................................................................................5
REFERNCES:..................................................................................................................................7
Books and Journals:....................................................................................................................7

INTRODUCTION
International financial management or international finance is simply the management of
finance in a global context which means making and trading finance through the exchange of
foreign currency. Activities involved in the international financial management aids the company
to associate with the global dealings with cross-borders business partners-suppliers, customers,
lenders and many more (Abdul‐Baki and Haniffa, 2020). This is also utilized by the non-profit
organisations and government organisations. The company which is selected to complete this
assignment is Marks and Spencer Company (M&S) which is multinational retailer in British
Administration. It is headquartered in London, England. It has allocated their business in selling
home products, clothing products and food products. It has 959 outlets throughout the UK. The
current assignment is consisting importance of international financial management, challenges
that are facing by the corporation in various financial markets with relevant and supportive
theories of international financial management.
MAIN BODY
As per the theories of management, " international financial management involves
various activities such as planning, organizing, controlling and directing of financial resources or
funds which are available to the organisations to work at international level. In simple words, it
is the management of finance in an international context.
International financial management is refers to a critical passage used by several MNCs
to channelizing the financial resources across the globe. This management supports the business
division to link with potential investors worldwide. It also helps Marks and Spencer to allocate
their funds smartly. Managing finance helps top address various financial disputes that may
increase among companies of different economies (Akgün and Karataş, 2020). these are
carefully taken by the global authorities such as World Bank, IMF and many more. It aids value
to the various monetary companies at global level to maintain the balance among them and
facilitate the corporations with required resources. It also helps to provide an overview to the
corporation to ascertain the inflation rate which is dogging an economy as well as the investing
power of the public. Moreover, it regulate the positional of local holds in the international
market.