Mobley Matrix as a Financial Management Tool in Terms of Small and Medium-sized Enterprises

Abstract

The owners of small and medium-sized enterprises do usually not consider the financial management of their SMEs significant. This statement results from our survey. It is mainly underestimation of financial variables in business management and the low financial literacy of the owners, who are often managers at the same time. This article analyses the principles of the Financial Scoreboard/Mobley Matrix as rather considerable, yet a user friendly tool by means of which the owners of SMEs and their managers can implement the principles of Business Intelligence in an efficient way. It is crucial to apply the principles of good financial management in a relatively short time period and target the company to higher efficiency and ability to adapt in a highly competitive environment. A healthy and long-term profit-making firm is not only the owner´s target, but also the objective of the whole society. From a macroeconomic perspective, SMEs represent 99.83 % of the total number of enterprises in the Czech Republic and provide nearly 60 % of employment.