ASSIGNMENT

Reply to the following using at least 175 words per reply. Be constructive and professional in your response. Be sure to use FULL APA references and in-text citations.

1. An important plan that works with the strategic plan is the financial plan. Finance plays a very important role in assessing an organization’s performance including its resources. Some financial goals and metrics that are important to organizations are:

Free cash flow

Profitability ratios

Asset management

Growth indices

Choose one of the metrics above and discuss. How does it affect the strategic plan?

Watch the video below and discuss what a strategic plan is, and why it is so important.