Strategic Initiative

There argon many ways to plan in spite of appearance an organization. The methods that will be discussed today are strategic and fiscal planning. Each of these planning methods is different; however, the methods do contain some(prenominal) similarities as well. Financial planning is managing your finances over while in such a way that you can play discharge your barter needs. Strategic planning is the process of determining the anxiety your company will take, the goals you have for the barter and how to achieve what you inevitable (Thibodeaux, 2012). Both methods of planning involve imposeing the goal into action. When an organization wants to exercise a strategic plan, the liquidity of the business is extremely important. For instance, let us say the budget is two million dollars and the business has two options. Option unmatchable would be a comprise of 2.5 million, and option two would be a cost of one(a) million. The option two costs would be the best op tion. In turn, financial influences strategic planning and strategic influences financial planning. In reference to Lowes, one of the important strategic and plans is to improve financial performance of the company.

In addition, the company would like to increase stockholder wealth/value by returning excess keen to shareholders through dividends plus the share repurchase program. Lowes intends to follow through the plan by reaching $300 sales per transmute square foot, increasing EBIT (Earnings Before Interest and Taxes) by 10%, and achieving 18% Return on Invested Capital by 2015 (Lowes Annual Report, 20 11). Lowes long-term strategic plans include! forge Lowes the first choice for home improvements and building a long-term relationship with the customers. To conclude, financial and strategic planning are tightly woven together for organizational success. References Thibodeaux, Wanda. (2012). The Relationship betwixt Strategic and Financial Planning. Retrieved from...If you want to get a wide essay, order it on our website: BestEssayCheap.com

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