Question

Answer the following question in your own words. Your answer must have a 150 minimum word...

Answer the following question in your own words. Your answer must have a 150 minimum word count:

  • Describe why financial planners need to understand the organization's strategic plan.
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Financial planners need to understand the organizations strategic plan because the strategic planning of the organization helps them to analyze the present state of the organization and understand the nature and causes of business fluctuation and its relations with the state of the economy. They can evaluate its internal and external business environment to find out the techniques which are unique and provide it competitive advantage. They can use the innovative technology to acquire and develop the attributes that allow the organization to outperform its competitors in long-run. strategic planning will help financial planners to identifying the difficulties in achieving its future goal and making an effective plan that how the company can overcome from those difficulties. It will help in making of the detailed plan that how step by step company will execute its plan and achieve its goal. Also it will help in identifying that what are the required resources for the achieving the organizational goal, if the company poses that its good otherwise how the company can get the required resources.

Add a comment
Know the answer?
Add Answer to:
Answer the following question in your own words. Your answer must have a 150 minimum word...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT