Financial strategy refers to a business or individuals approach to managing and using financial resources to achieve goals. It is an important part of the overall business strategy . A financial strategy involves planning and decision-making related to investment, budgeting, fundraising, cost management, forecasting future financial scenarios, and managing financial risks . The main objectives of a financial strategy are typically to increase shareholder value, secure the companys financial stability, and ensure the availability of funds for future growth or to deal with unpredicted situations .
Financial management is the practice of handling a companys finances in a way that allows it to be successful and compliant with regulations. It involves both a high-level plan and boots-on-the-ground execution .
trategic financial management is an approach used for managing the finances of a company to meet its strategic goals. The approach is used to identify and implement strategies that will maximize the market value of the organization .