Question

what is a good overview that defines strategic allocation of financial resources as an academic field of study

with a significance of the course to business .

Answer 1

Strategic allocation of financial resources is the ongoing planning, monitoring, analysis, and assessment of all necessities an organization needs to meet its goals and objectives. Changes in business environments will require organizations to constantly assess their strategies for success. The strategic management process helps organizations take stock of their present situation, chalk out strategies, deploy them, and analyze the effectiveness of the implemented management strategies. Strategic management strategies consist of five basic strategies and can differ in implementation depending on the surrounding environment. Strategic management applies both to on-premise and mobile platforms.

The academic field of study with a significance of the course to business:-International business, Finance, Business & Economics, Accounting & Finance, Business Management, Management information systems, etc.

the skills gained from a business degree are likely to include:

• An understanding of how organizations operate
• Strong communication skills (oral and written)
• Analytical and critical thinking
• Problem-solving
• Decision making
• Logical thinking
• Presentation and report writing skills
• Numeracy and an understanding of how to interpret and use financial data
• Self-motivation, initiative, and effective time management.etc