New method to boost organization's financial success and stability unveiled!
The article outlines a method to evaluate how well a company manages its finances strategically. Financial management is crucial for a company's success as it affects its competitiveness and stability. The method involves analyzing the organization's financial position, planning, making strategic financial decisions, and implementing a financial strategy. The researchers developed a model for creating a financial strategy and defined criteria for measuring the effectiveness of strategic financial management. By assessing the overall effectiveness of these criteria, the level of strategic financial management in an organization can be determined. This approach helps improve financial decision-making and overall management of the organization.