Business Policy

Strategic financial management means not only managing a company's finances but managing them with the intention to succeedthat is, to attain the company's goals and objectives and maximize shareholder value over time. However, before a company can manage itself strategically, it first needs to define its objectives precisely, identify and quantify its available and potential resources, and devise a specific plan to use its finances and other capital resources toward achieving its goals.

It is an established fact that for a business to succeed, it must have sound strategic financial management system within the organization.

Question: Other than financial capital, what other capital resources are important to the organization's success and why? which of the financial ratios is most important and why?

Post your response to this question and also respond to 2 of your classmate's post. Your response tot your classmate's post must be substantive to earn full points.