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Article: Financial management plays important role in business.
- Article from:
- Air Conditioning, Heating & Refrigeration News
- Article date:
- April 2, 1990
- Author:
CopyrightCOPYRIGHT 1990 BNP Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Financial management plays important role in business
Poor financial management can transform a promising enterprise into a business failure.
Unfortunately, financial concerns remain a low priority for many business managers. That priority rises only when a financial problem appears, and remains only as long as the problem. Then the managers turn their attention back to more predominant business interests.
Too many administrators view financial management as being accessible only to academicians and management magicians. Any effort to influence financial matters presumably is futile. This attitude erases any motivation to exert positive management ...