Strategic Initiative

There argon many ways to plan at heart an organization. The methods that will be discussed today ar strategic and pecuniary 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 saturnine your barter needs. Strategic planning is the process of determining the anxiety your company will take, the goals you have for the parentage and how to achieve what you infallible (Thibodeaux, 2012). Both methods of planning involve imposeing the goal into action. When an organization wants to usage 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 incarnate of 2.5 million, and option two would be a cost of hotshot million. The option two costs would be the best option. In turn, fiscal 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 shareowner wealth/value by returning excess capital to shareholders through dividends plus the share repurchase program. Lowes intends to employ the plan by reaching $300 sales per metamorphose square foot, increasing EBIT (Earnings Before Interest and Taxes) by 10%, and achieving 18% Return on Invested Capital by 2015 (Lowes Annual Report, 2011). Lowes long -term strategic plans include fashioning L! owes 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 among Strategic and Financial Planning. Retrieved from...If you want to get a all-encompassing essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay