Research Proposal: Financial Governance through Strategic Management

This research proposal investigates the impact of strategic management on financial governance within governmental organizations in Abu Dhabi, UAE. It aims to analyze the importance of strategic management in fostering effective financial governance, particularly in the context of governmental sectors. The proposal outlines the rationale, objectives, and research questions, alongside a review of relevant literature on strategic management and financial governance. It details the research design, methodology, data collection, and ethical considerations, anticipating outcomes and implications for improving financial transparency and organizational welfare. The study seeks to explore the use of strategic management tools, organizational structure, executive management, and financial positioning as key factors. The research also aims to provide recommendations for enhancing financial governance in governmental organizations through strategic management practices.

Running head: RESEARCH PROPOSAL
RESEARCH PROPOSAL
Name of the Student
Name of the University
Author Note

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Table of Contents
Proposed Title..................................................................................................................................3
Overview and the rationale of the study..........................................................................................3
Rationale:.....................................................................................................................................4
Aims and Objectives........................................................................................................................4
Research Aims.............................................................................................................................5
Research Objectives.....................................................................................................................5
Research Questions..........................................................................................................................5
Review of Literature........................................................................................................................6
Strategic Management.................................................................................................................6
Factors influencing the use of Strategic Management tools........................................................7
Financial Governance..................................................................................................................9
Factors influencing financial governance in Governmental organizations...............................10
Impact of the Strategic Management on the Financial Governance..........................................11
Research Design............................................................................................................................11
Research Methodology..................................................................................................................11
Research approach.....................................................................................................................12
Research Philosophy..................................................................................................................12
Research strategy.......................................................................................................................12
Data collection and Sampling....................................................................................................12

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Data analysis..............................................................................................................................13
Ethical considerations....................................................................................................................13
Assumed outcomes and Implications of the study........................................................................13
Expected Time scale......................................................................................................................14
References......................................................................................................................................15

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Proposed Title
Fostering financial governance through strategic management: An insight into the practices in
the Government organizations in Abu Dhabi, UAE.
Overview and the rationale of the study
The particular study aims to focus on the governmental sectors based in Abu Dhabi in the
United Arab Emirates. The primary reason why the study is being carried out is to determine the
importance of the strategic management in fostering effective financial governance for the
governmental sectors (Ansoff et al., 2018). The Strategic Management can be understood to be
an effective part of the workplace and all the business as well as the governmental organizations
which ant to ensure success in the long run would be required to undertake various tools and
techniques related to strategic management which will help them to improve their operations in
the long run and will also assists them in performing well and gain public confidence in the long
run. Strategic management not only aims to ensure that the different organizations as present
will be able to target the right audience or be able to come up with offerings which are
appropriate in nature but ensures that all the decisions which are taken by the business are taken
in alignment with the external factors which lie in the business environment (Berger
Imbierowicz, & Rauch, 2016).
Thus, from this it could be understood that the tools and techniques of Strategic
Management allow a firm to ensure that they are being able to engage in activities which will
help in ensuring long term goals. However, there lies a genera misconception that the strategic
management tools can only be used for the private sectors due to the varied operations as
adopted by the firm and not by the other governmental organizations. Therefore, the study is

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directed at the public and governmental organizations and the manner in which this domain can
help in fostering financial governance through the strategic management. The governmental
organizations as present in Abu Dhabi in the United Arab Emirates have been chosen for the
purpose.
Rationale:
The study seeks to ensure that the various tools and techniques as involved in the domain
of Strategic Management can be analyzed successfully. Additionally, it seeks to break the notion
that the tools of Strategic Management can be solely used for the purpose of the private
organizations or the Multinational organizations. It can also be used for the purpose of the
governmental organizations (Freeman, 2010). Although the domain of Strategic management
has various advantages and can be essentially made use of for operational efficiency, for
expansion, for bringing about overall employee engagement and other related aspects, but it
needs to be noted that, the tools of strategic management also assist in bringing about better
financial governance as well. In relation to this, it becomes essentially crucial for the firms to see
to it that they are able to apply the Strategic Management tools for their overall purpose which
will help in bringing about overall success and improve the overall governance of financial
aspects and may also contribute towards ensuring that the business operations have adequate
transparency (Lasserre, 2017).
Aims and Objectives
All research studies as present will be required to have certain
well defined aims as well as objectives which will then ensure that the research is able to be
presented and designed in a justified manner.

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Research Aims
The primary purpose of the research can be understood to be to find the influence of
strategic management on the financial governance of the governmental organizations as present
in the Abu Dhabi in the United Arab Emirates. With respect to this, the research will outline the
impact of the strategic management on the overall welfare of the organization as well. Strategic
management can be considered to be a useful tool and a domain which can contribute effectively
towards understanding whether the firm will be able to attain success in the long run or not.
Research Objectives
The research objectives can be stated to be as follows:
 To understand the overall strategic management techniques and tools which can be made
use of by the Governmental organizations present in the Abu Dhabi in the UAE
 To analyze the overall impact of Strategic Management on the financial governance in
the Governmental organizations present in the Abu Dhabi in the UAE
 To find the relationship between the Strategic Management on the financial governance
in the Governmental organizations present in the Abu Dhabi in the UAE
 To provide recommendations to the Governmental organizations present in the Abu
Dhabi in the UAE in order to make use of the Strategic Management so as to improve the
financial transparency.
Research Questions
The primary research questions which are present can be understood to be as follows:
1. To find how the Strategic Management can have an overall impact on the financial
governance of the governmental organizations in UAE

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2. To research into considerable literature relating to the Strategic management domain and
the overall concept of financial governance.
3. To provide relevant recommendations to improve the overall financial governance in the
governmental organizations.
The secondary research questions can be understood to be as follows:
1. Which strategic management techniques and tools which can be made use of by the
Governmental organizations present in the Abu Dhabi in the UAE?
2. What is the overall impact of Strategic Management on the financial governance in the
Governmental organizations present in the Abu Dhabi in the UAE?
3. What is the relationship between the Strategic Management on the financial governance
in the Governmental organizations present in the Abu Dhabi in the UAE?
4. What recommendations can be given to the Governmental organizations present in the
Abu Dhabi in the UAE in order to make use of the Strategic Management so as to
improve the financial transparency?
Review of Literature
Strategic Management
The Strategic Management can be understood to involve the formulation as well as the
implementation of the overall organizational goals and related objectives. In addition to this, the
strategic management procedures can be understood to be the major goals and initiatives which
are generally adopted by the top management of the organization on behalf of the different
owners as present (Covin & Slevin, 1989). The external as well as the internal environment of
the business can be understood to be largely dynamic in nature with respect to the fact that, the

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organizations are greatly influenced by the same. The Strategic management is known to provide
an overall direction to the organization and involves specification of the overall objectives of the
organization, development of the various plans as well as the policies as present and then
allocation of the resources based on these existing plans. The top management of the
organization generally tends to formulate the different plans on the behalf of the entire
organization (Frynas & Mellahi, 2015). There are various models as well as the frameworks
which are available which contribute to the senior management to prepare the particular plan and
to ensure that, the right decisions can be adopted by the organization as present. The reason why
the domain of Strategic Management can be understood to be considerably crucial is because it
provides an overall direction to the workplace and involves the specification of the objectives of
the organization. According to Lasserre (2017), the Corporate strategy essentially involves
answering a key question from the perspective of a portfolio and on the other hand, the Business
strategy involves answering the questions based on the overall competition. The different
management theories which are existent often tend to make adequate differences between
strategic management and the operational management whereas the latter is largely concerned
with improving the overall costs as well as efficient of the firm which is bounded by the strategy
of the organization.
Factors influencing the use of Strategic Management tools
Not all organizations which are present in the business domain tend to make use of the
Strategic management tools and techniques but it can be understood to be the following factors
tend to influence the use of the different Strategic tools in an organization. The factors are as
follows:
1. Organizational Structure

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The organizational structure tends to have a strong influence on the use of the Strategic
management tools in an organization and with respect to this, it needs to be understood that the
organizations with a considerably comprehensive stricture of the organization tend to be more
inclined towards the use of Strategic management than those who have a poor organizational
structure (Hitt & Duane Ireland, 2017).
2. Executive Management
The Executive Management and their overall foundations can also be understood to have
a considerable influence on the organization and the manner in which they make use of the
Strategic management tools which are present (David & David, 2013). Hence, it can be
understood to be considerably relevant for the management to ensure that, they are able to take
the right decisions for the firm and are able to ensure that the overall efficiency of the
organization can be improved on a considerate note.
3. Financial positioning of the firm
The financial positioning can also be understood to be a considerate determinant of the
strategic management tools which are adopted by the firm. In addition to this, applying the
strategic management tool is not an inexpensive task, and in regard to this, it requires adequate
investment into the different tools and related aspects as present. In line with this and according
to Morden (2016), it is also critical for the firm to see to it that they make use of those strategic
management tools which will be suitable and affordable for their organization.
4. Competition and external environment
The competition and external environment also assist in determining whether the
strategic management tools can be used or not. Very often the firm tends to see to it that, they are

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operating in a monopoly, then in such a case, they will not be required to invest in the strategic
management tools, whereas there are various external factors influencing the operations of the
firm as present, then in such a case, the firm is required to invest in the purchase of the strategic
management tools (Wang & Sarkis, 2017).
5. Social and cultural Factors
The social and cultural factors in an organization can also be understood to be a
determiner of whether the strategic management tools will be made use of (Kaplan & Norton,
1996). In line of this, it can be considered to be crucial that, if the social as well as the cultural
factors are supportive of the use of the Strategic management tool then in such a case, the
strategic management tools are used considerably.
6. Technological forces
The technological forces and the rate of adaption also tends to determine whether the
organization is capable of using the Strategic Management tools. In addition to this, it also
determines which tools and theories will be made use of by the firms as present.
Financial Governance
The financial governance can be understood to be the manner in which an organization
tends to collect, manage, monitor and control the different financial information as present. The
procedure of Financial Governance also includes the manner in which the overall financial
transactions, management of performance and controlled data takes place. In addition to this, it
also determines how the compliance and other such disclosures can be carried out effectively.
The reason why the Financial Governance is considered to be an essential part of the
organization is because, the risks of poor financial management include fraud, misappropriation,

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regulatory penalties, poor decisions and reduced shareholder confidence (Tagetik.com ,2019). In
addition to this, the financial governance also ensures that, the financial data which is presented
finally will be accurate in nature and all the reports as well as the disclosures will be made in the
appropriate manner. Moreover, it tends to promote overall accountability as well.
Factors influencing financial governance in Governmental organizations
The maintenance of the financial governance is crucial for the firm and hence, in line of
this, it becomes important to understand the factors which influence the promotion of the
financial governance in a firm. These are as follows:
1. Workflow
The workflow as present in the workplace is a bigger determinant of the manner in which
the firm will be able to promote the financial efficiency and governance or not (Silverman et al.,
2016). In line of this, it becomes considerably important for the senior management to ensure
that they are successfully able to maintain the workflow in the right manner which will ensure
that the firm is being able to perform well in the long run.
2. Internal controls
The internal controls can also be understood to be the determinant of the fact whether the
financial governance is possible to be implemented in an organization or not. According to
Samra (2016), strict rules and implementations need to be present within the scope of the firm
which shall effectively contribute towards understanding whether the financial governance can
be made possible or not.
3. Company policy

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The company policy can be understood to be a great determiner of the fact whether the
financial governance is crucial to be carried out or not. When the company tends to follow a
strict set of policies and procedures for the overall welfare of the firm, then it becomes easy to
determine that the governance which is present is successful.
Impact of the Strategic Management on the Financial Governance
Therefore, it can be rightfully understood that, the strategic management can be
considered to have a considerable impact on the Financial Governance in the governmental
organizations (Pearce, Robinson & Subramanian, 2000). This is because, the strategic
management tends to determine the overall planning which takes place at the workplace and the
strategic management is the tool which is generally used by the organizations to decide upon the
fact whether the policies and the procedures will be designed adequately or not.
Research Design
The research design can be understood to be a set of methods and procedures which are
essentially made use of in collecting the information about the process and to analyze the
measures of the variables which have been specified in the particular research. The research
design which shall be essentially adopted for the purpose of this study can be understood to be
the Descriptive research design (Flick, 2015). The descriptive research design generally seeks to
describe the overall status of the phenomenon which will be researched upon. The researcher in
such a case, does not develop the hypothesis in the beginning but is prepared when the data is
collected.
Research Methodology