Financial engineering refers to the broad, multidisciplinary field of study and practice that applies an engineering methodology to the world of finance. mba in data science in bangalore
Financial engineering is used in a wide variety of areas in the financial services industry, including corporate finance, risk management, and the creation of financial derivative products. top 10 mba colleges in bangalore
Financial re-engineering involves the design, development and implementation of non-trivial financial instruments and processes, and the development of creative answers to important financial problems. mba in data science in bangalore
The design, development, and implementation of innovative financial instruments and processes can be achieved by an agile professionally crafted financial reengineering undertaking. This is through the formulation of creative solutions to problems facing the organization.
Importance of Financial Re-Engineering
As a business grows in stages, there is always a need to restructure it so as to maintain growth.It is said, in the absence of growth, death is imminent. In the infancy of a business, the owners are usually predisposed to crafting their products to fit the market but as clients come in and the business grows, business dynamics change. online mba colleges in bangalore
Managerial skills start counting more as enterprises grow towards their youthful stage and the value of money changes in meaning and form. Hence there is a need for a comprehensive 360 degrees inside–out vision-guided strategy on the finance structure of the company.
The design, development, and implementation of innovative financial instruments and processes can be achieved by an agile professionally crafted financial reengineering undertaking. This is through the formulation of creative solutions to problems facing the organization.
Financial reengineering is a formidable strategic tool that businesses should use to outshine competition and is an essential means for them to maintain their effectiveness and improve their performance in the market. NAAC accredited MBA college in Bangalore
The dynamics created in the current and competitive business environment, demands that a firm must continuously develop innovative solutions and product lines in order to satisfy the constantly changing needs and desires of customers, hence maximize its set objectives in terms of sales volume, market share and profitability. The major accomplishment of a reengineering effort will influence the corporate culture and the basic principles by which departments operate for instance prioritizing spending on some items over others.
Workers at all levels are encouraged to make suggestions for improvement and to believe that management will listen to what they have to say. Reengineering eventually helps the culture in the organization to evolve from an insular one to one that accepts change and knows how to deal with it. This in turn helps create more challenging and more rewarding jobs with broader responsibilities for employees.
Why Financial Re-Engineering
A firm needs an optimal capital structure to enable it maximize its market value while minimizing its cost of capital. It is known that too much debt increases the financial risk to shareholders hence affecting the return on equity that they require. Financial re-engineering enables a firm to maintain a well-organized capital structure so as to keep it afloat in the changing economic times.
Higher performance and continuing efforts in innovations boosts organizational learning and improves the quality and speed of the operations. Therefore innovation advancements and reengineering financial processes can be incorporated easily and any quality or design deficiencies can be overcome faster resulting in better performance. mba in operations management in bangalore
Product and services restructuring offers a potential protection to a firm from market threats and competitors. All financial innovation strategies are implemented using a few basic techniques such as increasing or reducing risk, pooling risk, swapping income streams, splitting income streams and connecting long-term obligations into short-term ones in financial institutions.
Uses of Financial Engineering
Financial engineering is used across a broad range of tasks in the financial world. Some of the areas where it is most commonly applied are the following:
- Corporate Finance
- Arbitrage Trading
- Technology and Algorithmic Finance
- Risk Management and Analytics
- Pricing of Options and other Financial Derivatives
- Behavioral Finance
- Creation of Structured Financial Products and Customized Financial Instruments
- Quantitative Portfolio Management
- Credit Risk and Credit Management
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