Define strategic planning

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Reference no: EM1327513

1. How would you define strategic planning? What are the differences between strategic and financial planning? What financial problems might an organization encounter when implementing their strategic plan?

2. What information is needed in order to prepare a cash budget? What is the relationship between an operating budget and a cash budget? Why is it important for an organization to prepare a cash budget?

3. What is the breakeven point? What decisions does the breakeven point help an organization to make? What financial actions might an underperforming organization take to reach breakeven point?

4. How would you explain the use of TVM in business? What considerations are made when calculating TVM? How can you use TVM to create your own, or someone else's retirement plan?

Reference no: EM1327513

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