Business Development
Financial Management
Financial management should be seen separately from financial reporting. Financial management is more about good management, not general finance of the company. Financial management aims at achieving company’s strategic goals through performance management and includes corporate governance, effective use of resources and continual improvement.
Effective financial management is key to driving better organizational performance through ensuring that the organization is going in the right way and has the right resources. In financial management, information obtained – financial and non-financial – allows companies to make the right decisions.
Project on a Glance
Production of essential oils, MORCCHELLA d.o.o, Bosnia and Herzegovina
Morcchella d.o.o. is engaged in production of eco-food since 2005. The company is located on the southern part of Herzegovina, and operates throughout Bosnia and Herzegovina.
The company wants to extend its current business line and set up three new lines for (i) production of essential oils, (ii) wild mushroom processing, and (iii) production of tomato, ketchup and soup. Essential oils will qualify for pharmaceutical, food and cosmetic companies that would use it for production of medicines, spices and breeders in the food and cosmetic industry.
Business plan and corporate strategy was prepared by the Consultant to develop Morcchella d.o.o. operations. The Consultant also carried out Morcchella’s performance management and provided effective financial management instruments for the company to provide a better organizational performance and operations.
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