Explain the inherent differences between a company's strategic plan and the financial policy of that same company. Be sure to include the following in your discussion:
-Purpose of the strategic plan
-Scope and objectives of the strategic plan
-Steps of the financial planning process
A company's strategic plan is a guideline which states the organization's plan for its future and develops the necessary procedures and operations to achieve that future. The strategic plan includes the mission statement, which is a brief description of the company's intended purpose, and the vision statement, which states what a company wishes to achieve in the long-term. The purpose of strategic planning is to set priorities, focus ...
The expert explains the inherent differences between a company's strategic plan and the financial policy of that same company. The solution contains 265 words of text.