Strategic planning is the process by which an organization’s mission is translated into long-term strategic objectives.

Strategic planning consists of:

• Formulate long-term management objectives

• Make strategic choices in order to achieve these objectives

• Set action plans to implement these strategic intentions

Strategic Planning focuses on building the future of a business through an organised and conscious approach. Decisions are taken that will have lasting impact on a company’s competitiveness and its long term financial growth.

Discover how Tagetik CPM delivers the Budgeting, Planning & Forecasting process and Dashboard & Scorecard Applications

For further reading download the following white papers:

• "Planning and Budgeting in European Companies: Performance management concepts, solutions and perspectives" BARC Institute, Wurzburg, June 2008

• "Financial Planning: mastering the key value drivers" Mario Antonio Vinzia Head of Planning, Administration & Control for EniServizi Professor of Corporate Finance at SDA Bocconi, Milan (Italy)

• "The planning and control of project cash flows and invested capital" Prof. of Managerial Engineering at LIUC Luca Bovo Senior financial analyst – Snamprogetti Spa ed Eugenio Rocco With permission of the publisher this article is taken from Il Sole 24 Ore - Finance and Control, XXIX, vol. 8-9, Milan, originally in Italian and translated in English.

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Tagetik CPM is the first completely financial closed-loop, double entry CPM solution, that unifies in a single product all Corporate Performance Management processes and Financial Governance processes for data consistency and reliability.
The only solution with Built-in processes and advanced functionalities able to comply with the most complex regulatory requirements, helping companies automate processes, and obtain the necessary transparency and data accuracy for compliance.

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