Summary |
Financial Management Strategy includes the practices a firm adopts to pursue its financial objectives. A strategist should observe financial management from a long-term point of view for sustainable success based on shorter, flexible tactics. Finance is the science that describes the management of money, banking, credit, investments, and assets. Basically, finance looks at anything that has to do with money and the market. This strategy include Strategy and tactics, independent thinking, use of advisers, planning program, spending plan, insurance protection, reserve fund, accumulation program, strategic planning of asset holdings and shift strategy.
Managers around the globe are recognizing the increasing necessity for their trade, commerce and industry to develop the skills, aptitudes, and knowledge to complete effectively in international markets. There are several methods of international market entry. These include exporting (directly or indirectly), licensing, joint venture, offshore development. The markets have the distribution framework in place and less capital is required. The next major decision is that of pricing. Just how much should be charged for the product or service? Take into account development, transportation and promotion. Identify and evaluate the most attractive market opportunities available to you. Look at your potential competitors to decide any threat to the success of your business.
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