Encyclopaedia Of Economics, Commerce And Management-Product Development And Management (Vol. 9)

Money and finance are the key to the economic well-being and development of the modern firm. Financial management also implies control at all levels of enterprise ? from investment planning and capital outlays across project development and optimal manpower deployment to production and inventory controls and the cherished goal of economies of scale. Financial management is thus an area of management which inspires growth and initiatives of development and in turn draws strength from the various beneficial effects it creates in both human and material terms.