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Strategy and Financial Forcasting

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Could someone please help with the following questions and elaborate on each.

1. How do you know you are effectively achieving your chosen strategy? What metrics can be used to measure success?
2. What information should be included in a financial forecast accompanying a strategic plan?
3. What are some possible challenges and limitations of financial forecasting?

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Solution Summary

Strategy and financial forecasting are discussed in this solution.

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We can know that our chosen strategy is being effectively achieved by measuring the results of our performance with respect to evaluation and control measures, both qualitative and quantitative, on a regular basis. The evaluation measures are based on the overall strategic goals, vision and mission of the organization and as long as an organization adheres to it, it is said to be going on the right strategic path. ...

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  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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