Purchase Solution

Financial Plan Challenges

Not what you're looking for?

Ask Custom Question

What challenges are presented to the development of a financial plan to support a strategic plan?

Purchase this Solution

Solution Summary

This solution discusses the challenges that are presented to the development of a financial plan to support a strategic plan.

Solution Preview

1. What challenges are presented to the development of a financial plan to support a strategic plan?

The strategic plan provides a framework for the development of a financial plan. Without a strategy, the plan will have no direction.

" If you don't know where your business is going, any road will get you there".

What is a Strategic Plan?
Business managers are often so preoccupied with immediate issues that they lose sight of their ultimate objectives. That's why a business review or preparation of a strategic plan is a virtual necessity. This may not be a recipe for success, but without it a business is much more likely to fail. A sound plan should:
• Serve as a framework for decisions or for securing support/approval.
• Provide a basis for more detailed planning.
• Explain the business to others in order to inform, motivate & involve.
• Assist benchmarking & performance monitoring.
• Stimulate change and become building block for next plan.
A ...

Purchase this Solution


Free BrainMass Quizzes
Tumor Markers

This quiz help you memorize common tumor markers used to detect and diagnose some types of cancer.

Test your health planning and program evaluation knowledge

Health planning and program evaluation is an important aspect of the Health Sciences' field. Organizations and communities must understand the needs of their audiences, and a way to obtain this datum is through proper design and assessment. This quiz will test your ability to understand the importance of planning and evaluation in the health sector.

Vitals about a Patient's Vitals

Basic questions about blood pressure and measurements.

Crohn's Disease

How much do you know about this condition?

Stress Continuum

All humans experience stress and a certain level is motivating for learning. However, a high level of stress for prolonged periods of time may have a negative impact. This information focuses on the four stages of stress. Understanding stress assists in maintaining a healthy level.