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Paraphrase Financial managers often prioritize a long-run focus over a short-term one due to the sustainability and stability it offers to the organization. By concentrating
Paraphrase Financial managers often prioritize a long-run focus over a short-term one due to the sustainability and stability it offers to the organization. By concentrating on long-term goals, such as growth, profitability, and risk management, financial managers can steer the company towards enduring success. While short-term gains may yield immediate benefits, they might not align with the organization's broader objectives and could lead to detrimental consequences in the long run. Additionally, a long-term perspective allows financial managers to anticipate and navigate potential challenges, such as economic downturns or industry shifts, more effectively, thus ensuring the company's resilience and adaptability over time
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