The Close Relationship Between Financial Leadership and Financial Goal Setting of Top SMEs. - Dissertation Example

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The Close Relationship Between Financial Leadership and Financial Goal Setting of Top SMEs.

Generally, this requires a finance strategy (Bender & Ward, 2009) that seeks the maximisation of sales, market share, profits, earning per share, return on investment, growth, stock price and stockholders' well being (Bierman, 1999). Finance leadership is important in attaining good results for corporate entities. Financial leadership involves strategic thinking, innovation, management of business risks and change (Militello & Schwalber, 2000). Strategic thinking entails the use of structured and emergent systems to plan and attain results for the whole organisation over a long period of time. A leader has the responsibility of considering the internal organisational and external environmental factors in order to come up with a good strategy. When a strategy is in operation in an organisation, the leaders will have to identify inhibitors and other factors that can prevent them from attaining their objectives and solve them through a comprehensive risk management system. Innovation has to do with the continuous improvement of systems, processes and products of an organisation and it requires deep thinking and analysis to be attained. ...
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Summary

Leadership is the human trait and activity that emanate from a person in authority which enables other people to work and gain results (Rowe, 2007). …
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