THE ROLE OF FINANCIAL POLICIES IN ACHIEVING BUSINESS OBJECTIVES
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Abstract: THE ROLE OF FINANCIAL POLICIES IN ACHIEVING BUSINESS OBJECTIVES
This study investigates the role of financial policies in achieving business objectives. Objectives include identifying critical financial policies, assessing their impact on financial stability, and evaluating their contribution to business growth. A survey design is used to gather extensive data from financial managers and stakeholders. The sample size, calculated using Taro Yamane's formula, includes 350 respondents, ensuring statistical significance. The study focuses on the manufacturing sector in Lagos, known for its financial complexities. The reliability coefficient score for the survey instrument is 0.89, indicating high reliability. Findings reveal that robust financial policies are crucial for achieving business objectives, particularly in maintaining financial stability and supporting growth initiatives. The study recommends that companies should regularly review and adapt their financial policies to align with market changes and business goals.
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