Strategic Plan and Financial Policy
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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
-Operating plans
-Steps of the financial planning process
-Sales forecasts
-Forecasting
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Solution Summary
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.
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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 ...
Education
- BA, Ashford University
- MBA, Ashford University
- Post-Master's Certificate, Northcentral University
- PhD (IP), Northcentral University
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