The financial strength of an organization great influences decision making and outcomes.

Instruction Details

The financial strength of an organization great influences decision making and outcomes. An organization does not function properly or have a basis for decision without having money or financial resources. The decision making can be used by management to drive and impede financial performance (Gavin, 2020). Finance supports the activities of the business organization which require decision-making. Financial flexibility is a key role in influencing an organization’s decisions. Flexibility is very important for the financial strength of an organization (Gavin, 2020). Organizations can use their financial statements to make decisions for the company. The financial statements are crucial for management to determine how stable the organization is and shows the financial strength of the organization. Financial strength can be determined by an organization’s resilience, solvency, and financial leverage (Gavin, 2020).

Reference

Gavin, M. (2020, June 2). 5 ways managers can use finance to make better decisions: HBS Online. Business Insights Blog. https://online.hbs.edu/blog/post/financial-decision-making

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