Ashford BUS 650 Week 1 DQ 1

Examine the role of management as it relates to finance in a corporation.  In your post, discuss the role of management by addressing the following prompts:

• Explain the various aspects of finance that management must understand. 
• Describe why a manager needs to understand the characteristics and importance of financial markets including their liquidity, competitiveness, and efficiency.
• Interpret the function of the Financial Balance Sheet in assisting in management’s decision making process.
• Discuss what could happen if management does not fulfill responsibilities related to finance.  Share a real world example from your own professional experience or from an external source.

Your post should be 200-250 words in length.

Guided Response: Review several of your classmates’ postings. Respond to at least two classmates’ by commenting on their example of management not fulfilling its responsibilities. Pose a question to spark discussion regarding what could have been handled differently.

Reference:

Byrd, J., Hickman, K., & McPherson, M. (2013). Managerial Finance. San Diego, CA: Bridgepoint Education Inc.