UNIT 1
1Q) Strategic financial management Strategic financial management involves the planning, implementation, and control of financial resources to achieve organisational goals. It goes beyond traditional financial management by considering long-term objectives, risk assessment, and aligning financial decisions with overall business strategy. Key aspects include capital budgeting, risk management, financial analysis, and optimising the capital structure for sustainable growth. This approach helps organization make informed financial decisions that contribute to their strategic success. Characteristics: 1. Long-Term Orientation : Strategic financial management emphasizes long-term planning and decision-making, considering the future impact of financial choices on the organization. 2. Integration with Corporate Strategy : It aligns financial goals with overall corporate objectives, ensuring that financial decisions contribute to the achievement of broader business strategies. 3. Risk Ma...