Financial planning and its impact on achieving the financial goals of a food industry companyA survey study of a food industry company

financial planning and financial goals

Abstract

Financial planning is the process of defining a company's financial goals and developing strategies to achieve them. Financial planning is an essential element in corporate management, as it helps achieve financial success and sustainability in the long term. The financial planning process includes analyzing the company's current financial situation and identifying strong and weak points in financial performance. Based on this analysis, strategies are developed to improve financial performance and achieve set financial goals. The impact of financial planning on achieving the financial goals of companies lies in several aspects. First, financial planning helps set realistic and appropriate goals for the company, which contributes to financial success. Secondly, it helps identify the financial resources required to achieve goals and allocate them effectively, which contributes to achieving financial efficiency. Third, it helps determine appropriate financial strategies to achieve goals, such as expanding the business or reducing costs.