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