The Effects of Strategic Financial Management Practices on Business Growth and Competitive Advantage
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https://doi.org/10.5281/zenodo.17485042Keywords:
Strategic Financial Management, Growth, Competition, Sustainability.Abstract
The purpose of this study is to examine the effects of strategic financial management practices on the growth and competitive advantage of businesses. Within this scope, the method of the study was determined as “Qualitative Deduction.” This research, which is particularly related to the content of the study, was completed within a period of three months by utilizing publications, theses, articles, and books from the databases www.researchgate.net, dergipark.org.tr, hdl.handle.net, Submitted to Sharda University socratesjournal.org, and libratez.cu.edu.tr. Within the framework of the deductive reasoning method, comparisons were made using the findings and results obtained by searching sources related to the subject of this study. Businesses suffer significant losses due to uncertainty and risky situations. Strategic financial management activities enable businesses to be prepared for financial risks while also assisting in the creation of long-term plans. Such practices are considered an effective method that contributes to increased turnover and profitability by making the best use of the organization's resources. Following a review of the literature, it has been observed that strategic financial management practices contribute positively to ensuring the growth and competitive advantage of businesses. Therefore, it is believed that implementing strategic financial management practices with scientific and digital technology support will contribute to businesses achieving growth and competitive advantage, to the development of institutions' financial strategic management practices, and to researchers conducting similar studies.
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