Little and medium-sized enterprises (SMEs) are perceived as the financial development drivers in both developed and developing countries. The importance of these enterprises is mainly attributed to their huge role in creating new jobs, increasing the GDP, and making business progress. SMEs face various difficulties, such as issues emerging from poor monetary administration, which are significant reasons for business disappointments in SMEs. After 2010, tactical financial management (SFM) has been considered a main administrative space of SMEs because of its fundamental role in the endurance, development, and execution of SMEs. This paper is aimed to analyze the focal job of financial administration and recognize the financial management approaches and challenges affecting the organizational performances in SMEs from a tactical management point of view. Also, the significance and difficulties of SMEs and the connections between key SME execution and financial management approaches are examined in this study.

Ali Asghar Ruholamin

Master of Business Administration (MBA)