According to the time of writing financial plans can be divided into: introductory (organizational), current (operational), reorganized (anti-crisis), unifying (connectors, plans of merging), separating and liquidation plans. Introductory (organizational) financial plans are formed by the date of the organization of the company. Current (operational) financial plans are drawn up periodically throughout the period of operation [...]
Under current economic conditions, the survival of businesses, not to mention their development, largely depends on the level of strategic planning. Only with a clear view about the goals of the company, their timely adjustment according to the changes in the external environment, a clear distribution of material and human resources can ensure the success [...]
Proceeding from the specifics of the operation there are strategic, tactical and operational plans. In this case, two-, three-year development plan of the enterprise should include the following sections: • Concept of Development (main trends of development, the objectives of enterprise resources and their use); • a plan of production activities; • a financial plan; [...]
As a rule a long and overly detailed description of the general issues makes you yawn, it has little use in practical terms, and the main effect of these definitions is that they are forced the readers to be tired and criticize severely these authors. In order not to fall into the same bad situation, [...]
From the general point of view, one can distinguish the following levels of financial planning: long-term (investment) and short-term (current) planning. Short-term financial decisions are usually easier to take than long-term. However, this does not mean that they are less important. The company can develop a very attractive investment project to determine the optimal ratio [...]
There are two basic approaches of setting the advertising budget – analytical and nonanalytical. As researches show the vast majority of businessman use non-analytic methods, which are based on experience or on simplified decision rules. Judging by the frequency of use, the most important method of this kind is the orientation in determining the budget [...]
On the first stage you should answer the questions: how much we want to earn and how much can we earn? Thus it is necessary to determine: How much can you earn on the first purchases by attracting new customers? How much can you earn on the repeated purchases? In this case, execution of the [...]
The attitude towards planning of all the companies’ management is different. Some believe that the plan should be executed, no matter in what way. Perhaps, for employees, sales motivation should be based on this principle. But the governing body must understand that the plan is not an end in itself. The plan is the derivative [...]
Financial planning is the process of determining future action on the formation and use of financial resources. The purpose of financial planning is ensuring the reproduction process as appropriate in terms of volume and structure of financial resources. The following types of plans: 1) strategic plans, i.e. plans for general business development. In the financial [...]
We will tell you some tips to save money. Spending should be planned. Going out shopping, make a list (if you’re going for groceries), or simply a clear idea of what you want to buy. If you know that you need mascara, lipstick and face powder, you should not buy tonic, if it is still [...]
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