MGT604 STRATEGIC MANAGEMENT

Stakeholder Meeting Simulation

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Table of Contents
Introduction................................................................................................................................3

Aim.............................................................................................................................................3

Discussion..................................................................................................................................3

References..................................................................................................................................5
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Introduction

Finance manager of an organisation play a vital role in implementation of a new strategy.

There are various aspects in the implementation of a strategy in which finance managers are
required. The finance manager of an organisation has the responsibility of looking into the
finances associated with the company and its business. They have the responsibility of
coordinating with the accounting department for the preparation of financial reports, cash-
flow statements and profit projections.

The ProGo management team realised that most phones now have the ability to record
videos. It suggests that the independent camera's future may be limited. ProGo's CEO has
requested that the senior team meet separately to design a strategy that would steer the
company for the next five years.

Aim

The aim of this assignment is to discuss the roles and responsibilities of the finance manager
in the implementation of strategy for Pro-Go.

Discussion

The finance manager of ProGo would be responsible for looking into the financial need of the
management team for the implementation of developed strategy. It has been identified that
finance and a vital role in the development as well as the implementation of business strategy
for the organisation (Makarenko & Plastun, 2017). Therefore, the finance manager of the
company will play a vital role in the implementation process of the strategy developed by the
management. The finance manager of the company would be responsible for looking into the
financial health of the company. For the development of an effective strategy, the
management team of the company would require some financial information and reports
associated with the business activities of the organisation (Olson et al., 2018). The finance
manager would be responsible for providing such information to the management team of the
company. The financial manager would be responsible for looking into the financial impact
of the develop strategy within the organisation.
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After the development of the strategy, for its implementation, the management would require
a budget. This budget would be prepared as well as verified by the financial manager so that
it should be according to the financial position and status of the company. The financial
manager would also be responsible for looking into the expenditures associated with the
implementation process and plan for the develop strategy within the organisation (Louche et
al., 2019). The financial manager would suggest the management team regarding the ways
and methods in which the implementation process of the strategy could be made cost
effective for the betterment of the organisation. The ways and methods for controlling the
expenditure for the implementation would also be suggested and developed by the finance
manager (Patel, 2018). It has been identified that the finance manager of the company would
be responsible for looking into the financial progress of the company due to the
implementation of the develop strategy. This will help the management team in identifying
the changes required in the develop strategy for the growth and development of the company
and financial aspects (Elmagrhi et al., 2019). These aspects should be considered by the
management team of the company for the development of strategy required in the
organisation.
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References

Elmagrhi, M. H., Ntim, C. G., Elamer, A. A., & Zhang, Q. (2019). A study of environmental
policies and regulations, governance structures, and environmental
performance: The role of female directors. Business Strategy and the
Environment, 28(1), 206-220.
https://onlinelibrary.wiley.com/doi/abs/10.1002/bse.2250

Louche, C., Busch, T., Crifo, P., & Marcus, A. (2019). Financial markets and the transition to
a low-carbon economy: Challenging the dominant logics. Organization &
Environment, 32(1), 3-17.
https://journals.sagepub.com/doi/abs/10.1177/1086026619831516

Makarenko, I., & Plastun, A. (2017). The role of accounting in sustainable

development. Accounting and Financial Control, 1(2), 4-12.
https://core.ac.uk/download/pdf/324260787.pdf

Olson, E. M., Slater, S. F., Hult, G. T. M., & Olson, K. M. (2018). The application of human
resource management policies within the marketing organization: The impact
on business and marketing strategy implementation. Industrial Marketing
Management, 69, 62-73.
https://www.sciencedirect.com/science/article/pii/S0019850118300440

Patel, M. (2018). Effective clinical project management to streamline clinical trial. Current

Trends Biomedical Engineering & Bioscience, 16(2), 1-4.
https://www.maxxxfetisch.com/ctbeb/pdf/CTBEB.MS.ID.555937.pdf