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Malcolm Glazer's Acquisition Of Manchester United
Pages 14 (3514 words)
Similarly, financial management aims to efficiently and effectively manage the finances of the organization and keep a hawk's eye over the surplus availability. Let's say in a beauty contest for companies the winner is Wall Mart. The other five finalists are Southwest Airlines, Berkshire Hathaway, Dell computer, General Electric and Proctor & Gamble.
As we know that the finance department plays a vital role in every organization and ensures that the organization has enough resources and liquidity to meet its legal obligations as well as facilitate its shareholders. The primary goal of the finance manager is to ensure that his company has adequate supply of capital and sufficient statutory reserves. The ultimate goal of every organization is the same "to increase the surplus". But the question is; how the finance manager becomes the part of the success story and how they can maximize the value of their organization
The financial manager or the chief financial officer (CFO) is responsible for financing the enterprise and acts as an intermediary between the financial system's institution and markets. While on the other hand, the business manager is responsible for a different kind of work like investing in plants and equipments, undertake research, hire staff and sell the firm's product. Major financial decisions made by the managers of a business are either investment decisions or financing decisions. ...
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