Wils24
Student
Nodhi
Hr-sr.exec
+1 Other

Prime Sponsor - FactoHR.com - Payroll Software with GPS Enabled Attendance, Travel, Performance Management, HRMS. Explore Features
Dear All,
Iam working as an HR-Sr Exec with an Int.Call Center.Since ours is a start up organisation .Till date the organisation has invested a huge sum for the Company's Profit,however we are not getting the productivity what we are supposed to get.
Please suggest some Financial Management Strategies.
Regards
Ongmu.
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
hi,
you can see which centre is unproductive and compare the cost incurred amoung the productive and unproductive centre or department either using operationg profit method or net asset method,,
Further to judge the profitability of the centres u can adopt MODI, IRR, OR NPA methods and can cum to a decision and redtify the same at the cost.:wacko:
Strategic financial management means not only managing a company's finances but managing them with the intention to succeed—that is, to attain the company's goals and objectives and maximize shareholder value over time. However, before a company can manage itself strategically, it first needs to define its objectives precisely, identify and quantify its available and potential resources, and devise a specific plan to use its finances and other capital resources toward achieving its goals.
Strategic financial management is about creating profit for the business and ensuring an acceptable return on investment (ROI). Financial management is accomplished through business financial plans, setting up financial controls, and financial decision making.
The Elements of Strategic Financial Management
A company will apply strategic financial management throughout its organizational operations, which involves designing elements that will maximize the firm's financial resources and using them efficiently. Here a firm needs to be creative, as there is no one-size-fits-all approach to strategic management, and each company will devise elements that reflect its own particular needs and goals. However, some of the more common elements of strategic financial management could include the following.
Planning
Budgeting
Managing and Assessing Risk
Establishing Ongoing Procedures
Prime Sponsor - Talentedge.com "Interactive Anywhere Learning". Executive courses from top reputed institutes like IIM, XLRI, MICA. View Courses
Please Login To Add Reply






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™