Answer:

Strategic plan  of the company  is main plan for the management  which uses it  for positioning of company within market arena, satisfying customers  ,competing successfully & achievingnice business performance of the comapny

following are main central elements of a strategic plan

• Communication Strategy
• Mission Statement
• Vision Statement
• Finance the plan
• 5 Goals
• . Values
• Implementation Strategy
• 9 Task
• Monitoring of Strategic Plan

What is the role of finance in a strategic plan

The fundamental success of a strategy depends on three critical factors

The realistic internal view of company’s core competencies

company’s alignment with  external environment,

sustainable and  competitive advantages, & careful implementation with monitoring

Here the role  of  finance in strategic planning, formulation  decision making and implementation with monitoring is very important

Finance is standard for assessing company’s performance. Strategic plan supports the role for finance in  establishing and monitoring specific & measurable financial strategic goals for  coordinated, integrated basis, thus enabling the company to operate efficiently & effectively.

Financial metrics  and goals are established based the  benchmarking the “best-in-industry” such as:

• Free Cash Flow
• Economic Value-Added
• Asset Management
• Financing Decisions and Capital Structure
• Profitability Ratios
• Growth Indices