Week 2 Discussion Questions DQ#1: How do you define strategic planning? What are some differences between strategic and financial planning? What financial problems might an organization encounter when implementing a strategic plan? I believe strategic planning is the process, which takes place to set organizational goals to meet the expectations of the mission and direction of the organization. Strategic planning focuses on the long-term goals of an organization, therefore it differs from financial planning.
If you do not have enough money to do certain things you would like to do, then you can use this planning process to prioritise your spending and focus on the money on the things that are most important to you. Once you create your first budget, you can begin to use it and get a good sense for how it can keep your finances on track. Doing this you can easily forecast which months your finances may be tight and which ones you will have extra money. You can then look for ways to even out the highs and lows in your finances so that things can be more manageable. Forecasting your budget gives you an idea how much money you will be able to save for important things like your vacation, a new vehicle, and an emergency savings account.
Analyze your current finances. 2. Develop goals. 3. Identify and evaluate strategies to achieve your goals.
This provides some information that will be used to develop the pro forma statements. The pro forma statements will allow Bisi’s company to determine some financial information about the proposed project. This balance sheet indicates what the future year’s obligations will be in relative to the available resources. It is imperative that the company have sufficient amount to be able to pay this obligations when they are due. The pro forma also tells the project estimated profitability for future years.
Kudler would be able to use an ERP to forecast future needs to assist with accurate purchasing, track vendor and retail pricing as well as other financial information. The ERP would allow Kudler to track the sales performance of new items that are introduced to determine if they are products that they want to bring into inventory. The investment in new technology is highly recommended. New technology may be an option for Kudler, however, cost of the purchase, installation and training would be a major factor which would influence the decision as oppose to upgrading current
For external purposes, hedge effectiveness and the fair market value of the swaps must be determined and reported. For internal purposes, the program’s effectiveness as well as future interest rates must be determined to make correct business decisions. QUESTIONS Follow your proposal for managing Union Carbide Corporation’s (UCC) interest rate risk, we, members of the finance and pension committee of UCC’s Board of Directions have questions that we believe will help
In order to determine whether Krispy Kreme is healthy or not, we need to analyze the income statement and balance sheet. In the end we might end up with financial relationships that will help us to project the future of the company. According to financial experts and analysts, the financial statements (Exhibit 1 and 2), particularly balance sheet became
In addition, please prepare a Powerpoint presentation of your answers. Some of the questions are intended to understanding of the “efficient markets” debate. You will be graded on your ability to justify the position you take and for thoroughness in thinking about the issues. You should be prepared to discuss these issues and to argue your case. Questions 1) Describe the investment strategy employed by DFA.
Some research will include the financial status of a company. Other times, we will be reviewing the company strategy, mission, vision, and values. Also, competition is vital for the company research. Lastly, a strategic analysis will be performed along with a recommendation usually. So, today we will be doing a lot of that.
Be able to identify relevant costs and benefits; understand the decision rule b. Prepare a financial