Effective Financial Management
If a company is to remain healthy and grow to realize its full potential, financial controls must be applied in an intelligent and timely manner. Management must examine the information provided by the various forms of financial control and adjust t...
Need for Financial Controls, The
An organization cannot survive without proper management of its financial resources, and these resources must be continually monitored and controlled.
Need for Strategic Planning, The
Because the level of economic competition has significantly increased in recent years, the need for effective strategic planning has likewise intensified. The essence of strategic planning for any organization is determining where it wants to be at ...
Developing a Business Strategy
Once an organization has amassed adequate knowledge and understanding of both itself and the environment in which it operates, it can begin to focus on specific strategic options.
Financial Controls and Budgeting Case Study: Santa Anita Racetrack
In addition to its pari-mutuel betting system and satellite wagering network, Santa Anita operates several dining facilities and shops, as well as an equine hospital and a large number of barns and stables. Each of these operations requires financia...