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Essay Available:
Pages:
3 pages/≈825 words
Sources:
5 Sources
Level:
APA
Subject:
Management
Type:
Research Paper
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 17.5
Topic:

Financial Management And Its Application On Criminal Justice System (Research Paper Sample)

Instructions:

Search professional journals found in any sector, on your own, for an interesting topic and concept on Planning and Financial Management. In your papers, compare and contrast your selected Planning and Financial Management subject matter topic (found in professional journals) to an application in criminal justice or other public sectors related to the Criminal Justice System (for example Courts, Public Defender's office, Prosecutor's Office, Correctional System) to link the use of the information to the Criminal Justice System.

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Content:

Financial Management and its Application on Criminal Justice System
Name
Institution
Abstract
Managerial skills are quite important in every field that is gearing towards economic development. The skills are applicable alongside the very many known theories such as the scientific theories, human relationship management theory, and system management theory. The paper reviews the various theories and their successful application alongside the managerial skills on Criminal Justice System. All of the theories reviewed, the system management theory stands out as the best strategy to use by the Criminal Justice system.
Financial Management and its Application on Criminal Justice System
For effective management of any organization, it is very crucial to consider managerial factors that are usually necessary for ensuring the success of the organizations. The most important part of management is the financial management, since; every company or organizational body requires finance for accomplishing their intended goals. To ensure a proper financial management, an organization can employ qualified personnel to assist in the financial planning. The financial planners are capable of designing the most economical activities with maximum turnouts that can eventually lead to the expansion and success of a particular organization. However, financial management skills can be applied in various sectors that seem critical, and hence; need a proper financial planning for effective completion of the intended activities. An example of such bodies is the Criminal Justice System. The Criminal Justice System requires a proper financial planning in order to perfectly carry out all the duties as provided by the law of a particular nation. A proper management of finance in delicate sectors such as Criminal Justice System requires very diligent leaders who are skilled and committed to their work.
Management is usually geared towards the realization of the intended objectives by an organization in such a way that, a good management is likely to lead to the success of the organization, while poor management might lead to failure. Strategic financial management is essential in planning the financial matters related to any business or legal organizations (Zeiger, 2014). For a perfect understanding of the strategic financial planning in the organizations, it is necessary to explore management’s theories to gauge the most appropriate technique to be used in the company. Some of the theories include the scientific theories, human relationship management theory, and system management theory.
The scientific theories involve analyzing the managerial tactics from a scientific point of view (Hawthorne, 2014). The managerial skills should be designed in such a way that limited resources are used to maximize the profit or the usefulness of an organization. The scientific theories can

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