Comparison between Paradigms of the Traditional Financial Management and the Flexible Financial Management
Di Wang
Abstract
Di Wang
Abstract
There are many differences between the paradigms of traditional financial management and flexible financial management.With the changes in the system of the financial management organization of enterprise,the hierarchical structure of financial management organization is also different from the organic structure in many places.Thus holding the flexibility of the financial management thoughts and its methods is one of the prerequisite in promoting the revolution of enterprise's financial management.And realizing the flexible management in financial management needs certain conditions and preparations.
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There are many differences between the paradigms of traditional financial management and flexible financial management.With the changes in the system of the financial management organization of enterprise,the hierarchical structure of financial management organization is also different from the organic structure in many places.Thus holding the flexibility of the financial management thoughts and its methods is one of the prerequisite in promoting the revolution of enterprise's financial management.And realizing the flexible management in financial management needs certain conditions and preparations.
Key concepts: Financial management, Strategic financial management, Accounting management, Business, Flexibility (engineering), Finance, Financial modeling, Economics