The Close Relationship Between Financial Leadership and Financial Goal Dissertation

The Close Relationship Between Financial Leadership and Financial Goal scenery of Top SMEs - Dissertation ExampleGenerally, 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 incarnate entities. Financial leadership involves strategic thinking, innovation, worry of business risks and change (Militello & Schwalber, 2000). Strategic thinking entails the use of merged 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 let on inhibitors and other factors that can prevent them fr om attaining their objectives and solve them through a comprehensive risk management system. pattern 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. Financial management requires four things Leadership, Ethics, Structures & Responsiveness (Blore et al, 2004). In other words, a financial leadership structure must be sensitive to the technical elements of leadership as well as the ethical concerns of leadership. It should also have structures of rules and regulations that would fix activities throughout the organisation and be responsive to emergent matters and situations that would come up. The distribution of authority in organisations is do through a defined organisational structure which sets out the relationship between various units of the organisation (Stevens & Loudon, 2005). For the sake of accountability, there is the need for reporting to be done by subordinates t o people in authority (Stevens & Loudon, 2005). wherefore people who have power delegated to them have the duty of reporting to their leaders at regular intervals. about of these reports include financial reports like management financial information from lower units which culminates in the creation of income and military strength statements that are used by various stakeholders for decision making. Problem Statement In practical terms, there is a questions about how these necessary qualities of financial leadership relate to businesses and their goals. For instance one would wonder why some(a) companies are suppuration quickly financially whilst others are folding up in the UK. It is professedly that the global recession is making business difficult but how come some are growing fast and some are growing slowly? It therefore suggests that some businesses are getting some principles of finance right whilst others are not. What are the structures in financial systems and structu res that affect financial goals of an organisatio