Good Finance Management
Financial mismanagement is responsible for most business failures the world over. Even the global economic meltdown towards the end of the first decade of this millennium is primarily attributed to financially disastrous decisions.
In this module, Dr Lamba gives his mantra of Good Finance Management and expounds on his Two Golden Rules. Organisations that abide by these rules achieve sustained growth and success and those that violate can suffer serious consequences.
Two fundamental rules of good finance management, which, if followed, can help organisations avoid a host of finance mis-management related problems are explained in this and the next session. These rules have universal applicability and are not industry specific.
These are very powerful sessions and extremely important for everyone to understand and appreciate.
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