Why Does an Organization Need Both Financial and Strategic Objectives

question 91

Essay

Why does an organization need both financial and strategic objectives?

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Definitions:

Budgeting

The process of creating a plan to spend your money, setting forth projected revenues and expenses for a future period.

Planning Budget

A financial plan that estimates the revenue, costs, and resources required over a certain period, often used for guiding business strategy and operations.

Other Expenses

Costs not directly related to production or operations, such as administrative and marketing expenses.

Containers Refurbished

The process of cleaning, repairing, and restoring used containers to a condition suitable for safe and efficient reuse.