I agree. I think that management is the key.
We have a department where the sole purpose of that individual is come up with different ways to make the company money. Anything from grants to fundraisers. I think having someone just particularly in that department plays a big part in making our company successful. She not only identifys the availble sources she identifies the process for getting the resources.
Well put Sean,
It's all about accountability and the bottom line!
Jay Hollowell
ML141 Facilitator
Yes, i agree, the responsibility of managing a company from a financial perspective requires that the leader demonstrate a strong understanding of both the companies resources and sources. The designated financial manager of the organization will be expected to report how much money there was, where it came from, how much was spent, what it was spent for and on and how much is left.
I agree with this statement. Having the ability to understand and effectively manange the organizations finances entails understanding where those are coming from. How can one effectively manage the resource if they do not manage and understand the source. This is an aspect that gets overlooked by many. Knowing how to hone in on key areas that drive up revenue or lower expenses is essential to the future of the organization.
I agree. I also agree with the Cash is King video that was played in the lesson. In G-D we trust. All others pay cash. A steady and heathly bottom line allows for a heathy business expansion.
I agree. Financial sources affect managerial decision-making. From stockholders to institutional investors the decisions made by management in the role of Financial Managers will determine what if any financial sources will be available.
