Question

Difference between strategic planning and financial planning

Answer 1

Answer:

Financial planning - This process is about the accumulation of the funds and other resources for the specific working cycle of the frim to meet the need and maintain the efficiency and effectiveness of the running business. Its main motive is to provide sufficient resources for working to opt for the desired goals and objectives.

On the Contrary;

Strategic Planning - This refers to the theoretical planning of the business which has a detailed plan on what, how and when to do. If, any barrier or hamper occurs to control and overlook the situation to maintain the proper functioning of the running business.