THE ROLE OF FINANCIAL MANAGEMENT IN ENHANCING OPERATIONAL EFFICIENCY AND BUSINESS GROWTH
DOI:
https://doi.org/10.29121/granthaalayah.v10.i11.2022.6596Keywords:
Management, Business, Financial, Cash, CostAbstract [English]
This study looked at how financial management can help a business run more smoothly and grow. Using a mixed-methods approach, the study used both quantitative and qualitative analysis to find patterns in financial management practices and look at how they affect organizational performance in more subtle ways. A quasi-experimental design was employed to evaluate causal relationships in practical business environments without random assignment. The study population comprised formally organized business enterprises, featuring a sample of 90 respondents, including owners, accountants, and managers, chosen through stratified purposive and random sampling to guarantee representativeness. Structured questionnaires with closed-ended questions were used to collect primary data, which made it easy and consistent to gather data. We used descriptive statistics to summarize and show the results, find patterns, and help people make smart choices. The results show how important good financial management is for making operations run more smoothly and helping businesses grow in a way that lasts.
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Copyright (c) 2022 Dr. Preeti Maheshwari
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