Author(s): Christina Rabega
Financial management is a pivotal aspect of any business organization, forming the bedrock upon which sustainable growth and operational efficiency are built. It involves the strategic planning, organizing, directing, and controlling of financial resources to achieve organizational goals and maximize shareholder value. In a competitive and dynamic business environment, effective financial management is essential for making informed decisions, optimizing resource allocation, and ensuring the long-term viability of the enterprise. This article delves into the key components, importance, and challenges of financial management, highlighting its role as the cornerstone of organizational success.