Strategic Plans

Long-Term Financial Planning

Long-Term Financial Planning

• Strategic Plans
• Operating Plans
• Financial Planning
Methods
• Business and Financial Risk
Long-Term Financial Planning

 combines financial
forecasting with strategizing.
 aligning financial capacity
with long-term service
objectives.
Strategic Planning

• is the comprehensive collection of

ongoing activities and processes
that organizations use to
systematically coordinate and
align resources and actions with
mission, vision and strategy
throughout an organization.
• it provides a sense of direction and
outlines measurable goals.
 Steps in Strategic Planning &
Management
1) analysis or assessment
- where an understanding of the
current internal and external
environments is developed,
2) strategy formulation
- where high level strategy is
developed and a basic
organization level strategic plan is
documented
3) strategy execution
- where the high level plan is
translated into more operational
planning and action items, and
4) evaluation
– or sustainment / management
phase, where ongoing refinement
and evaluation of performance,
culture, communications, data
reporting, and other strategic
management issues occurs.
Why is Strategy important to business
growth?

• - Strategic planning will help you

align your team towards a
common goal or direction for the
organization.
• If you're the CEO and you aren't
sure if the company should
continue on the same profitable
path without growth, or if it should
look for new sources of revenue
and expansion.
a few questions about the future:

• Should we grow?
• Why or why not?
• What projects will bring the most
benefit to the company in the
future?
• What areas should we focus on?
• What do we need to change from
an organizational perspective if we
want to grow and take on more
projects?
Thank you 