- Differences between financial strategic management and traditional financial management
Financial strategic management refers to the overall and long-term planning of enterprise resource raising and allocation activities based on the analysis of financial environment and under the premise of obeying and serving the enterprise strategy. It is the application and extension of strategic theory in the field of financial management. Its differences from traditional financial management are mainly reflected in the following aspects:
- Different perspectives and levels
Financial strategic management uses rational strategic thinking, focuses on the future, and takes the financing, investment, and income distribution of the enterprise as its work objects. It plans the development direction, goals, and basic ways cyprus lists and strategies for achieving the goals of the enterprise's financial activities in the long term (at least 3 years, generally more than 5 years). It is the action program and guide for the daily financial management activities of the enterprise. Traditional financial management is mostly "transactional" management, which mainly relies on experience to implement financial management work.