Budgets what are the financial implications of your

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Budgets What are the financial implications of your strategic and operational plans? Budget planning is an integral element of both types of planning. Consider what you will need to spend - and what income you will need - to carry out your activities and fulfil your mission. Strategic planning - a process, not a monument The important thing to remember is that an organisation's strategic plan is not a monument, an end in itself, but rather a means of achieving its purpose. Many management experts have emphasised the need for the people implementing a strategic plan to have enough flexibility and authority to be creative and responsive to new developments. In reality this will often mean
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changing the activities that have previously been undertaken to achieve the organisation's mission in the light of new opportunities or challenges. The process is helpful only if it assists organisations to honestly test old assumptions in the light of new information about the present, and anticipate the environment in which the organisation will be working in the future. Finally, keep in mind the reasons why you go through this exercise. It's easy to get bogged down in Post-It notes, whiteboards and endless rounds of minor revisions. They give strategic planning a bad name. But if you focus on examining your mission and if you honestly re-consider the best way to fulfil it, planning can provide an organisation with renewed vigour. In the end, it's about changing people's lives for the better.
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