A financial manager makes decisions by analyzing financial data, assessing the organization's performance, and forecasting future financial trends. They evaluate investment opportunities, manage budgets, and ensure efficient allocation of resources to maximize profitability and shareholder value. Additionally, they consider risk factors and market conditions to make informed, strategic choices that align with the company's overall objectives. Collaboration with other departments and stakeholders also plays a crucial role in the decision-making process.
there is a direct relationship between financial decision making and risk and return. each financial decision made by the financial manager will have implication for the overall risk of the firm and its potential returns. All financial decisions are ultimately subjective in nature regardless of the amount of objective information collected as part of the decision making process. as a result, not all financial managers view risk return trade offs similarly. however it is expected they such decision making will be consistent with the goal of the investors that the financial manager represents. good luck......
decision making is the primary task of the manager,comments?
Exposure to the financial manager is significant as it provides insights into the organization's financial health and strategic direction. It allows stakeholders to understand financial decision-making processes, assess risks, and evaluate investment opportunities. Additionally, this interaction fosters transparency, enhances communication, and helps align financial goals with overall business objectives. Ultimately, it contributes to informed decision-making and promotes accountability within the organization.
Modern approach of financial management provides a conceptual and analytical framework for financial decision making. According to this approach there are 4 major decision areas that confront the Finance Manager these are:- a) Investment Decisions; b) Financing Decisions; c) Dividend Decisions d) Financial Analysis, Planning and Control Decisions
being a rational decision maker
The modern financial manager is more focused on strategic planning and decision-making than the traditional manager. The traditional manager is more focused on operational tasks and day-to-day management.
The modern financial manager is more focused on strategic planning and decision-making than the traditional manager. The traditional manager is more focused on operational tasks and day-to-day management.
there is a direct relationship between financial decision making and risk and return. each financial decision made by the financial manager will have implication for the overall risk of the firm and its potential returns. All financial decisions are ultimately subjective in nature regardless of the amount of objective information collected as part of the decision making process. as a result, not all financial managers view risk return trade offs similarly. however it is expected they such decision making will be consistent with the goal of the investors that the financial manager represents. good luck......
Answer-Modern approach of financial management provides a conceptual and analytical framework for financial decision making. According to this approach there are 4 major decision areas that confront the Finance Manager these are:- a) Investment Decisions; b) Financing Decisions; c) Dividend Decisions d) Financial Analysis, Planning and Control Decisions
decision making is the primary task of the manager,comments?
Yes, as manager he or she is making a decision and is responsible for the outcome.
Exposure to the financial manager is significant as it provides insights into the organization's financial health and strategic direction. It allows stakeholders to understand financial decision-making processes, assess risks, and evaluate investment opportunities. Additionally, this interaction fosters transparency, enhances communication, and helps align financial goals with overall business objectives. Ultimately, it contributes to informed decision-making and promotes accountability within the organization.
Decision making is an essential part of being a manager in any industry. It would be impossible for a manger to not make a single decision while being a manager.
The modern financial manager is more focused on strategic planning and decision-making than the traditional manager. The traditional manager is more focused on operational tasks and day-to-day management.
Modern approach of financial management provides a conceptual and analytical framework for financial decision making. According to this approach there are 4 major decision areas that confront the Finance Manager these are:- a) Investment Decisions; b) Financing Decisions; c) Dividend Decisions d) Financial Analysis, Planning and Control Decisions
Centralized decision making is whereby a top manager retain most decision- making power to him/her self.
being a rational decision maker