budget-sec1A_6

Budget-sec1A_6 - Financial Management and the Important Paradigms William J Ward Jr MBA 1 Financial Management and the Important Paradigms William

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Financial Management and the Important Paradigms: William J. Ward, Jr., MBA 1 Financial Management and the Important Paradigms William J. Ward, Jr., MBA Johns Hopkins University 2 What Is Financial Management? ¡ The art of maximizing wealth or value ¡ Getting the most out of resources ¡ “No margin, no mission” 3 Quote ¡ “No margin, no mission!” ¡ Sr. Irene Krause, Daughters of Charity 4 The Element of Time Clinical Imperative Business Reality 5 Improving P&L Performance Mission Revenue (volume, price, collections) Expenses Profits Survival strategies Growth strategies Maximization and/or Optimization strategies Control strategies 6 A Strategic Perspective ¡ The art of maximizing wealth or value for the long term ¡ Getting the most out of limited resources ¡ Orchestrating short-, intermediate-, and long-term tactics and strategies Financial Management and the Important Paradigms: William J. Ward, Jr., MBA 2 7 Success Requires . . ....
View Full Document

This note was uploaded on 01/25/2012 for the course PH 551.603 taught by Professor / during the Spring '12 term at Johns Hopkins.

Page1 / 5

Budget-sec1A_6 - Financial Management and the Important Paradigms William J Ward Jr MBA 1 Financial Management and the Important Paradigms William

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online