Posted: May 18th, 2021
The purpose of this assignment is to complete a financial analysis to develop a proposed budget for a selected strategic initiative.
Understanding the role of financial management in strategic planning is essential in formulating a business plan for a strategic initiative. Financial analysis involves considering the factors that directly affect the initiative such as staffing, space, equipment, training and education, etc. Once this information is known, a budget can be proposed for the strategic initiative and included as part of the business plan.
For this assignment, complete a financial analysis of your selected organization by reviewing current company financial data such as income statements, budgets, net revenue, profit/loss statements, etc. Use that information and research about key budget items such as average salaries, cost of benefits, space and equipment costs, etc. to formulate a proposed budget for your strategic initiative.
In a 250-500 words, address the following in the form of an executive summary:
While APA style is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center.
This assignment uses a rubric. Review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.
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