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