A system for novel integration strategy for strategic financial risk management
Date
2022
Authors
Pulgam, Rachana
Nikam, Vaishali Dhanaji
Johri, Shiva
Muralidhar, L. B.
Punam, Shashi
Mani, Manisha
Ram, Deo Karan
Lourens, Melanie Lourens
Kanadasan, N.
Pavitha N
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Abstract
There is a correlation between the quality of a company's business strategies and the likelihood that those strategies will hurt the company's position in the market. The availability of financial resources is a significant factor that will determine the trajectory of the organization's growth. Every company faces some level of financial risk in the course of its operations; however, this risk has the potential to propel a company to greater heights provided that it is recognised and managed appropriately. In the current iteration, Strategic Management and Financial Risk Management have been combined to form a single instrument that can potentially serve the purpose of increasing the value of the company by increasing both wealth and profit. This combination was made possible as a result of the combination of Strategic Management and Financial Risk Management. The efficacy of a company's strategic financial management has a direct bearing on the calibre of the decisions that it generates as well as the effectiveness with which it manages its day-to-day business operations.
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Citation
Pulgam, R. et al. 2022. A system for novel integration strategy for strategic financial risk management