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Strategic Financial Management involves the following :
1. The identification of the possible strategies capable of maximising an entity's net present value.
2. Allocation of the scarce capital resources among the competing investment opportunities.
3. Implementation and monitoring the chosen financial strategy for achievement of stated objectives.
A management approach that looks at financial techniques in order to come up with a strategic decision making plan
'STRATEGIC FINANCIAL MANAGEMENT '
Managing an organization's financial resources so as to achieve its business objectives and maximize its value. Strategic financial management involves a defined sequence of steps that encompasses the full range of a company's finances, from setting out objectives and identifying resources, analyzing data and making financial decisions, to tracking the variance between actual and budgeted results and identifying the reasons for this variance. The term "strategic" means that this approach to financial management has a long-term horizon
That the company uses data acquired by and the knowledge of "Financial Management' department to make strategic decisions.
Agreed.
