Everything Flows From the Strategic Plan

Planning throughout a business should flow from a strategic plan that sets out goals for the next two to five years. Each major goal should have a plan of action that dictates how the organization will achieve the objective and how it will measure progress along the way. These are strategies agreed on by senior management and directors to realize long-term growth and profit milestones. Before finance or any other department can complete their planning, they need to understand where the company is headed.

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