ANALYSIS OF FINANCIAL MANAGEMENT STRATEGIES FOR ORGANIZATIONAL SUSTAINABILITY: A CASE STUDY IN SYARIA UNIVERSITY OF CIREBON'S
Keywords:
Financial Sustainability, Organizational Management, Strategic Financial Analysis, Case StudyAbstract
Attention to financial management in high business is increasingly urgent. As an integral part of its business system, the company needs an effective financial strategy to ensure its business continuity. This study aims to investigate the financial management strategies companies implement and analyze their impact on improving the quality of their business. This article also aims to contribute to a conceptual and practical understanding of the role of financial management in a business context. This research uses a descriptive analysis approach by collecting data through literature studies from journals and interviews with policy stakeholders. Data was collected by selectively selecting literature related to financial management in the company. In addition, a critical analysis of best practices is also carried out to gain a deeper understanding. The results of the analysis show that the big goal in sharing the benefits and intelligence of leaders in an organisation must support effective financial management. Intelligent allocation of funds, the right strategy, and economic sustainability are key factors in achieving the goal. This article provides new insights and practical solutions for institutions to optimise their financial management, leading to continuous quality improvement
References
Baltaru, R., Manac, R., & Ivan, M. (2022). Studies in Higher Education Do rankings affect universities ’ financial sustainability ? – financial vulnerability to rankings and elite status as a positional good. https://doi.org/10.1080/03075079.2022.2061447
Carlos O Trejo-Pech, Margarita Velandia, Keiko Tanaka, Karen Rignall, T. B. (2023). Financial and strategic management analysis of Farmer Foodshare Inc ., a nonprofit food organization 1. 26(1), 11–24. https://doi.org/10.22434/IFAMR2022.0012
Casta, C., Rohidi, T. R., Triyanto, T., & Karim, A. (2021). Production of Aesthetic Tastes and Creativity Education of Indonesian Glass Painting Artists. Harmonia: Journal of Arts Research and Education, 21(2), 266–277. https://doi.org/10.15294/harmonia.v21i2.30348
Cresswell, J. W. (2018). Five Qualitative Approaches to Inquiry. In Sage Publication Inc: Vol. x.
Cuadrado-ballesteros, B., & Bisogno, M. (2022). Budget transparency and financial sustainability. https://doi.org/10.1108/JPBAFM-02-2022-0025
Erik, E., Djalal, F., Hapidin, H., & Karim, A. (2024). Developoing leadership behavior through natural school. Journal of Law and Sustainable Development, 12(1), 1–20. https://doi.org/https://doi.org/10.55908/sdgs.v12i1.2758 DESENVOLVENDO
Fikriyah, Karim, A., Huda, M. K., & Sumiati, A. (2021). Spiritual leadership: The case of instilling values in students through the Kiai’s program in the globalization era. Journal of Leadership in Organizations, 3(1), 16–30. https://doi.org/https://doi.org/10.22146/jlo.63922
Githaiga, P. N. (2022). Revenue diversification and financial sustainability of microfinance institutions. 7(1), 31–43. https://doi.org/10.1108/AJAR-11-2020-0122
Githaiga, P. N., & Soi, N. (2023). Does intellectual capital matter to MFIs ’ financial sustainability ? 8(1), 41–52. https://doi.org/10.1108/AJAR-06-2021-0080
Gleißner, W., Günther, T., & Walkshäusl, C. (2022). Financial sustainability : measurement and empirical evidence. In Journal of Business Economics (Vol. 92, Issue 3). Springer Berlin Heidelberg. https://doi.org/10.1007/s11573-022-01081-0
Handayani, E., Sholihin, M., Pratolo, S., & Rahmawati, A. (2022). International Journal of Sustainable Development and Planning Do Private Universities Achieve Financial Sustainability as a Result of Transformational Leadership. 17(8), 2365–2374.
Handayani, E., Sholihin, M., Pratolo, S., & Rahmawati, A. (2023). Optimation Principles of Good Financial Governance to Increase Financial Sustainability Access to Success. 24(196), 230–242. https://doi.org/10.47750/QAS/24.196.29
Imhanzenobe, J. O. (2020). Cogent Economics & Finance Managers ’ financial practices and financial sustainability of Nigerian manufacturing companies : Which ratios matter most ? Managers ’ financial practices and financial sustainability of Nigerian manufacturing companies : Which. Cogent Economics & Finance, 8(1). https://doi.org/10.1080/23322039.2020.1724241
Jelinˇ, D. A. (2021). Financial Sustainability of Cultural Heritage : A Review of Crowdfunding in Europe.
Kamran, S., Shah, A., Butt, M., Khan, A. M., Zeeshan, M., & Aziz, A. (2023). Exploring organizational management of extrovert school leadership. 12(1). https://doi.org/10.11591/ijere.v12i1.23549
Karim, A., Mardhotillah, N. F., & Samadi, M. I. (2019). Ethical leadership transforms into ethnic: Exploring new leader’s style of Indonesia. Journal of Leadership in Organizations, 1(2), 146–157.
Kong, Y., Donkor, M., Musah, M., Nkyi, J. A., Oppong, G., & Ampong, A. (2023). Capital Structure and Corporates Financial Sustainability : Evidence from Listed Non-Financial Entities in Ghana.
Kultsum, U., Parinduri, M. A., & Karim, A. (2022). Comparative studies between public and private Islamic schools in the era of globalization. International Journal of Evaluation and Research in Education (IJERE), 11(1), 421–430. https://doi.org/10.11591/ijere.v11i1.22182
Mansir, F., & Karim, A. (2020). Fiqh learning methodology in responding social issues in Madrasa. Tarbiya: Journal of Education in Muslim Society, 7(2), 241–251. http://journal.uinjkt.ac.id/index.php/tarbiya
Purnomo, H., Karim, A., Mansir, F., & Valero-Matas, J. A. (2022). Covid-19 Pandemic: Project-Based Learning as Interprofessional Learning Model to Improve Student With Special Needs’ Self Efficacy. Sociologia y Tecnociencia, 12(2), 284–306. https://doi.org/https://doi.org/10.24197/st.2.2022.284-306
Qodriah, S. L., Hartati, W., & Karim, A. (2019). Self-leadership and career success: Motivation of college lecturers. Journal of Leadership in Organizations, 1(2), 79–95.
Rinto, Fikriyah, Iman, B. N., Hanikah, Munajim, A., Sati, Setiana, D., Darmini, M., & Karim, A. (2020). Scientific process skills learning, biotechnology materials, and character building. International Journal of Pharmaceutical Research, 12(4), 2044–2051. https://doi.org/https://doi.org/10.31838/ijpr/2020.12.04.314
Sangwa, S. (2021). International Journal of Management Research and Economics Corporate Strategic Financial Analysis : Tesco and Benedict Co . 1(4), 61–71. https://doi.org/10.51483/IJMRE.1.4.2021.61-71
Sinervo, L. (2020). Financial Sustainability of Local Governments in the Eyes of Finnish Local Politicians.
Syabibi, M. R., Karim, A., Kulkarni, S., & Sahil, A. (2021). Communicative cultural dakwah of Abdurrahman Wahid in pluralistic society. Karsa: Journal of Social and Islamic Culture, 29(2), 1–33. https://doi.org/10.19105/karsa.v29i2.5220
Widiantari, D., Bin Samadi, M. I., & Karim, A. (2022). Charismatic Leadership Effects of Teachers in Fostering Graduate Quality of Senior High School. Journal of Leadership in Organizations, 4(2), 179–190. https://doi.org/10.22146/jlo.74872
.
