Final paper- Financial management To begin with, In a financial manamgent field, it is important for a business to have a stable budject. Many business this days have financial problems du to lack of...

Final paper- Financial management

To begin with, In a financial manamgent field, it is important for a business to have a stable budject. Many business this days have financial problems du to lack of appropriate management. Financial management is built on a scope bubject. The scope has to be equal to all the experience to buidings has in creating a new project. In order to build a new project, a business has to calculate the amount of expenses minus the captila and profit. Many businesses lack experience inn management due to not having enough resouces in their accounts. They spend more on the budject materials then they should. Meaning they pay the materials that more expensive their required budjects in the scope. Which makes it hard to manage the scope.also, for examples one of the problems in business fields are embargoes which paralyzes a country’s economic market. Scope creeps then happens when the scope is not well defined when the project plan is being designed. To start with, businesses concerns needs to finance to meet their requirements in the economic world. Wether the business is big or small, they need finance to fuffil their activites . the goals of the all businesses is to make profits theough activites. Wether it the factor of productions, rent given to landlord, wage given to labour, interest given to capital, profit given to shareholders or proprietors. The concept of finance includes capital, funds, money and amount. For instance, project managers are parts of the financial manamgent and they work with team members and shareholders to manage the scope. In that, its important for projects managers to build a strong communication skills with team members and stalkholders in order to manage the business. Furthermore, business cases are needed to create a new project and to to know the benefits of the the new projects. Moreover, project sponsors are in charge of approving any changes made in the projects. Many businesses lack experiences managing the companies which is why most business fail in the economic filed. Also lacking enough funds could be another problems too. According, to wheeler, business finance is the business activity which is concers with aquistiion, concestion of the capital. In a meeting, financial needs and actual objects of business entreprise. Also there are to to methods that most businesses lack to implied in their projects which micro and macroaeconomics. Businesses tend to use the pofit maximazition process to manage their finances. Secondly, businesses tend to lack to identify the pros and cons of the projects meaning the risks which needs to be manage and mitigated. In order to manage risks they need to have risk register to write doing their risks and mitigate them. Moreover, they need to warehouse all the informations in order to use them in the future. As a result, they need to have two approaches in order to manage their financial scope. The iterative approach and the method-based approach. They have a time based approach which gives you the time work on each activites each season. Also, there is the WBS work breakdown structure which helps break down the tasks and activites of your projects. The schedules and budjects work together to propel a business to success. Therefore, the solution to better manage your business is to have a clear schope. Make sure you have enough funds to conver all the extra expenses and to use time bases methods to work on the tasks and activites of the project. Moreover, project managers must continue to monitor the project from beginning till end. Also, this is why it is important to have a good scope and budject in order to manage a projects and financial fielf of a business. Managers need to have strategic priorities for sustainable policies. For examples, the result of larange multipleri (LM) and haussam tests are discusses for sustainable investement. In other words, businesses need to have a sustaible strategies to better manage their buisnesses. In conclusion, businesses are most likely to fail dur to lack of experiences in managing a project or scope plan. When a manager fail to define a scope in a project its causes scope creeps. And scope creeps are cause by lack on definition of a project plan. Moreover, embargoes are one thing that can cause a business to fall due to the fact that good and services are paralyzed. The best way to manage a business is through strategic approaches which propel a business to success. To also improve employees satisfactions in the company. For examples, by creating rewards, overpayments, promotions, bonuses and incentives. Also the best way to managing an investment and projects is to tackle the risks and mitigate them and write down reports and warehouse informations for the future needs.

Works Cited

Sánchez, M.A. Integrating sustainability issues into project management. J. Clean. Prod. 2015, 96, 319–330. [Google Scholar] [CrossRef]

Wang, N.; Yao, S.; Wu, G.; Chen, X. The role of project management in organisational sustainable growth of technology-based firms. Technol. Soc. 2017, 51, 124–132. [Google Scholar] [CrossRef]

© Colin Bentley 2020The author has asserted the rights of the author under the Copyright, Designs and Patents Act, 1988, to be identified as the author of this work.First published in the United Kingdom in 2020 by IT Governance Publishing.ISBN 978-1-78778-233-4

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Final Assignment: Problem Analysis

This analysis project requires you to tackle a problem within your field of study by first exploring it, its causes, and its impacts. Then, if you want, you can recommend one or more practical solutions to solve the problem.

After deciding on the problem you wish to tackle, begin building questions about it. Your goal for the analysis is to answer the questions through your sources. Finding multiple angles and perspectives is ideal so that you explore those possibilities in the final paper before settling on your recommendation. Be sure to identify what is at stake.

Here are questions to help guide your analysis:

1. What is the problem being addressed (explain, describe, and “prove” that it exists)?




1. 
   Effective communication for the success of entrepreneurship and Business.
   




2. Who is affected by this problem?




1. The economy


2. Businesses


3. Job Market


4. Entrepreneurs




3. Why does this problem exist (identify the root causes)?




1. Lack of innovation in communication style


2. Marketing strategy




4. Why does the problem persist (identify the major factors that contribute to the problem’s ongoing presence)?


5. What is at stake if the problem is not solved?

If you decide to include a solution, use these questions to guide you:

1. Who can take action?


2. What should they do, exactly?


3. Why would this help?


4. What are the positive and negative aspects of your solution(s)?

• PURPOSE: To analyze a problem and possibly provide a solution


• AUDIENCE: Classmates, others interested in the field


• LENGTH: 900 - 1,000 words (Times New Roman font). Please do not go significantly under or above the word count requirement.


• SOURCES: 5 (five) sources from the APUS Library (These may include sources you used in previous assignments. Going under this number will cost points in grading.)


• FORMAT: The citation style that is appropriate for your discipline