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    Corporate Planning: Financial Plans and Budgets

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    1. How is the financial plan and budget related to a company's strategic plan?
    2. How do the various functional departments of an organization use financial planning (i.e. marketing, operations, sales, executive management, finance, etc.)?

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    Solution Preview

    1. The financial plan needs to relate to the business plan quite a bit. This is because budgetary guidelines must be adhered to when planning to follow a strategic business plan, so they ...

    Solution Summary

    An expert weighs in on the importance of corporate budgetary considerations and how it relates to strategic planning and a company's departments.