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The Creation Of Ethically Intelligent Finance

1015 Words5 Pages

In a world where resources are finite, financial manager are increasingly under pressure to deliver the optimal results concerning business finance. Without funds, a business cannot operate so it is vital that funds are being monitored to identify any problem areas. To do this, many of them will utilize the income statement, cash flow, and balance sheet. These are major tools that allow the finance managers to assess the financial health of their business and arm themselves with relevant information that will dictate what growth strategies will take place to stay in business. Despite its importance, the mismanagement of money is all too common in businesses. This could be due to negligence, a misunderstanding of market, or lack of resources. …show more content…

A lot is driven by value creation which causes a lot of corners to be cut. The finance department will take a hit and possibly become pressured to shirk on transparency. This can cause problems for the common investor. Given these pressures, the creation of the Ethically Intelligent Financial Executive (EIFE) and the Ethically Intelligent Finance Organization (EIFO) have been critical resources for businesses. The EIFE often sets the tone for the business as he or she is involved in the implementation of projects and goals. As the conscience of the organization, they often must say no to bad business movements concerning finance (Militello, and Schwalberg, 2003). The EIFE acts as a role model for a corporation. The integrity needs to start from the top and trickle down so that everyone knows what actions should be supported and which ones are causing harm to the business. EIFEs are even more valuable because they often have received training in ethics. In leadership roles, they find situational training opportunities to involve others to gain experience that bring together business associates with diverse backgrounds. Identifying the many ethical dilemmas that business must face is tough so the situational training decisions that EIFEs provide for business leaders is extremely valuable. This results in a more confident team that can better handle unique problems and pushes them to make …show more content…

The EPA creates regulations that are in the best interest of the environment and for society, so while that may be wonderful for the common individual, it can be costly for businesses. Often businesses must upgrade their equipment to be in compliance with the regulations set by the EPA. This can be very costly if a new regulation comes out that a business was not anticipating and can dig into its financial wallet. This can also affect stock prices because if a business is hit hard by the regulation, investors might take their money and run because of the negative effects imposed by the

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