Exam: Small Business Management (Lecture 5 - Financial Management)
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4 Terms
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Financial management definition
Guiding businesses or individuals in making decisions that improve their financial stability and optimizes financial returns.
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Financial management decisions
It involves decisions about funding, investments, budgeting, risk management, and the allocation of financial resources.
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The 6 key components of the resource-based view (RBV)
Resources
Capabilities
Competitive advantage
Barriers to imitation
Internal vs external factors
VRIG framework
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Note 
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