HCS385 UOPX Strategic and Financial Planning Discussion

timer Asked: Feb 9th, 2019
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Question Description

Write a 700- to 1,050-word paper that describes the following:

  • Relationship between strategic and financial planning
  • Key activities that are a part of both processes

Cite 3 peer-reviewed, scholarly, or similar references to support your paper.

Format your paper according to APA guidelines.

Click the Assignment Files tab to submit your assignment.

Tutor Answer

School: UCLA

Hi, please see the attached paper. Have a look at it and in case of any edit, please let me know. Otherwise, it is my pleasure to have you as my buddy now and future. Until the next invite, Bye!


Strategic and Financial Planning

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The relationship between Strategic and Financial Planning

Planning plays a crucial role in the success of an organization. Strategic planning and
financial planning are two types of planning that most organizations use to run their operations.
Even though they have a different focus, strategic planning and financial planning are
interrelated in various ways. Companies that have an organized financial plan find it easier to
stay on track because they can make smart decisions (Thibodeaux, 2019).

Financial planning is defined as the proper management of your finances over time in a
manner that can help the organization meets its fundamental business needs. The financial
planning process requires businesses to define the resources, equipment as well as activities
needed to achieve the set business objectives within the time necessary. Strategic planning, on
the other hand, refers to the process of establishing the direction that would be taken by y...

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