Strategic Financial Management Review on the Financial Success of an Organization

Abstract

The management capabilities as one of the powerful and main stimulating items of development are a subject that has always been validated by the experts and executives. The strengthening of the financial management as one of the most important abilities of the managers of the enterprises is accounted as the effective practical tools in the guideline route and management of companies and enterprises and execution of the growth and development strategies. The focus of strategic financial management is on the state of the management of a company and the adoption of the suitable strategies during the economical downturn and entry of the companies to the emergency financial stage and increase of the whole risk. The strategic financial management also conducts the study of resources and consumptions of each organization besides defining the degree and extent of the presence of the managers in an organization for realization of the related targeted activities on the state of the conduction of the expenses of an organization, the methods for the collection of incomes and the manner of the aspects management and financial resources is its responsibilities. The vision of financial strategic in the form of strategic action means an imaginary understanding of the optimal position of an organization and having a picture of a clear and desirable tomorrow. This thinking guides executives to moving the strategy of an organization towards the success and better financial policies. The realization of stability and long-term purposes of an organization, is more balanced than the payments and assessment of capital and explanation of the methods and strategies to collect wealth for the shareholders is one of the targets of the strategic financial management that the realization of these goals propels an organization towards the ever-increasing financial success.

DOI: 10.5901/mjss.2016.v7n2s2p30