Answer: The financial key forecasts of my strategic plan based on your long-term objectives and short-term goals are Fund for capital, proper budget, some debt as well as equity holders, working capital, Cash in hand etc. All these factors are very important for any company. Companies with efficient fund meet its long term as well as short term are considered as a establish company due to this companies love to have cash in their balance sheets. Effective budget and efficient amount of cash help a company to meet with its short term obligation. It is also very useful in attending working capital and resources for the company.
The nonfinancial key forecasts of my strategic plan based on your long-term objectives and short-term goals is customer satisfaction, fulfilment of business objective, getting competitive advantage, producing quality of product, satisfying my employees and worker, making proper administration etc. For any company it is very important to satisfy its customer, employees and workers because customer satisfaction allows the company or business to grow where as employees and workers are the main key factor in satisfying them. These entire factors reflect the efficiency of the firm and help the company in getting competitive advantage and achieving goals.
Solution:
Projections or forecasting refers to the prediction of the future trends by analyzing the past as well as projections for the future. It is a process of making judgments for the events or trends whose actual occurrence has not taken place. It is essential to estimate the cost and revenues from a project in order to decide the acceptance as well as the procedure for its accomplishment. As without forecasting it will be difficult to ascertain the usefulness of a project. If by chance more than one projection or forecast doesn’t hold true then, it is essential to make corrections in the forecast. An overstated forecast can provide a false view about the revenue generation. It is during the implementation phase only a company experiences the authenticity and correctness of the projections. If the overstatement of projections is viewed then the manager should revise the forecast according to the current trends and again follow the process of forecasting for the future.
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