Developing Financial Leadership in Small-Medium Businesses (Routledge Studies in Leadership Research)

Many small-medium enterprises (SMEs) are very small organisations comprising mainly single-person and micro-businesses but, in the United Kingdom, there are around 250,000 small-medium businesses (SMBs) which are substantial businesses with turnovers of millions or tens of millions of pounds.A key requirement for thriving SMBs is effective leadership throughout the organisation.One crucial aspect, which is often overlooked, is that of financial leadership.Financial management in SMBs is often seen as a technique-based activity whereby finance staff have a limited role preparing annual financial accounts and disseminating financial information to key individuals in the organisation.They may act reactively by responding to requests for specific financial information.On the other hand, strong financial leadership is proactive, constructive and innovative and plays a critical role in ensuring that organisations stay financially adaptable and can build resilience and sustainability in today