finance it is regarded as blood of the organisation.without
finance the firm can,t be existing.it refers to the
financial assets which r necessary for run the business
smoothly.
Finance is related with cost, time, money and
risk...........It deals with matters related to money and
markets.........resousce allocation amd its management are
tha part of this.
The field of finance refers to the concepts of time, money
and risk Finance is used by individuals (personal finance),
by governments (public finance), by businesses (corporate
finance), as well as by a wide variety of organizations
including schools and non-profit organizations. In general,
the goals of each of the above activities are achieved
through the use of appropriate financial instruments, with
consideration to their institutional setting.
Finance is one of the most important aspects of business
management. Without proper financial planning a new
enterprise is unlikely to be successful. Managing money (a
liquid asset) is essential to ensure a secure future, both
for the individual and an organization.
and how they are interrelated
finance is a piller of organization bez without finance we
can't do anything and single person can't measure without
finance like industries,small scale....etc., even housewife
also can not do....
Finance is the blood of any organisation. without finance
any organisation cannot establish ,expand and modernise
itself. finance is the backbone for the projects taking
place and going to take place. finance can be raised
personally by an entrepreneur and can take interest paid or
mortgage loans.
Finance is something that helps in running the business
activities.Finance helps in implementing the plans and
ideas which is necessary to make more money and take the
business to further stage.
CASE STUDY:
S.C. Computers has been mismanaged by its promoter. The
Company has over 50,000 employees with software expertise.
It has clients over the last 15 years in 50 countries. The
mismanagement has led to a severe cash crunch with no cash
to meet even salary requirements. While the internal
situation is one of financial and employee morale crisis,
externally it enjoys the confidence of its clientele. The
Government wants such a valuable institution, built over
several years, to be saved so that it can continue to
contribute to national wealth creation, but at the same
time does not wish to extend direct financial assistance,
lest it amounts to encouraging or subsidizing
mismanagement. In one page, suggest the broad elements of a
Business Continuity Plan covering all aspects (not just
financial alone) specifically applicable to this situation.
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