1 Answer | Add Yours
Harvard University Business Review defines the four phases of strategic planning as:
- Basic Financial Planning
- Forecast-Based Planning (analysis leading to predictions)
- Externally Oriented Planning
- Strategic Management
These areas all rely upon accounting (accounting: the systematic comprehensive recording and summarizing of business and financial transactions, with verification and analysis of results) to accomplish their end objectives of planning, forecasting, predicting, and managing.
We’ve answered 334,381 questions. We can answer yours, too.Ask a question