Financial Management Challenges and Impact for Successful Businesses

Abstract

The current state of the economy poses challenges to both the overall financial capabilities and the ability to handle finances on a few different levels. It is anticipated that associations would modify current requirements, emphasizing hazard management, financial administration, and estimating exercises. Due to obstacles in the corporate world, associations must generate additional funds. This study calculates the relationship between financial management practices such as working capital management, profit strategy, capital building decision, and financial performance evaluations in the Indian corporate sector with authoritative performance. The review's test group consisted of forty Indian companies that are registered at Delhi Stock Exchange and are involved in a variety of industries. Organizational financial investigators and money leaders responded to a poll based on references and organization profiles. Respondents self-managed the questionnaires in order to collect their information. The results demonstrate a strong and favourable relationship between financial management practices and hierarchical performance in Indian corporate settings.