Importance Of Finance And Its Role Essay
Victoria Duff, who has experience as a start-up facilitator, venture catalyst, investor relations manager, and author of the article, Importance of Finance & Its Role in Business, (n/d) states:
Finance is the elixir that assists in the formation of new businesses, and allows businesses to take advantage of opportunities to grow, employ local workers and in turn support other businesses and local, state and federal government through the remittance of income taxes.
(Importance of Finance & Its Role in Business, para. 1).
Therefore, it is important for decision-makers and managers of companies to understand the makeup of the global economy.
Dr. Jack Gordon, the Chief Technical Officer at Strontium Logistics, and author of Main Challenges of Global Financial Management (n/d) outlines a few of the challenges of managing in the global economy. Starting with diverse economic environment:
Operating in a globalized…