Strategic Financial Management: This term refers to the strategic planning and management of a company’s financial resources with the goal of achieving long-term success. It involves evaluating a company’s current financial health, setting goals for the future, and implementing various strategies to fulfill them. It also includes monitoring progress on financial objectives and making necessary adjustments to ensure that a company remains financially sound over time. The strategic financial management process should be holistic, comprehensive, and tailored to the unique needs of each organization.