Các quy định hiện hành ảnh hưởng đến doanh nghiệp của bạn (có thể có nhiều cấp độ này, ví dụ như: quốc gia, liên bang, toàn cầu) là gì? Bạn có phù hợp - nếu không phải là làm thế nào / khi nào bạn sẽ được? Làm thế nào họ có thể thay đổi? Ý nghĩa đối với bạn là gì? | PLANNING PROCESS 5 RESOURCE ASSESSMENT FINANCE GEARING ANALYSIS debt equity debt equity Highly geared company benefits during times of growth as debt is usually cheaper than equity but suffers in recession as interest payments must always be met. Company with more balanced debt equity ratio benefits during recession as dividend payments can be deferred in times of boom pays out more in dividends but can attract capital. PLANNING PROCESS 5 RESOURCE ASSESSMENT BUDGETING Whatever type of planning style is used it will always be underpinned by a budget. This is an assessment of likely flows of cash income and profit for the next year. If you are in business you will almost certainly have been involved with a budget whether as someone suffering from its constraints as a developer of a budget or even as a management accountant or analyst measuring variances against them. Despite their bad reputation they are a valuable management tool for controlling business and results. PLANNING PROCESS 6 TARGET SETTING Every plan must contain targets so that you can measure progress and ultimately the success of the plan. The targets may be quantitative or qualitative and typically will include Financial returns Costs absolute or relative Market share Manpower Sales volume of business Growth Customer satisfaction Quality of outputs Where goals have been set or a balanced scorecard is in use the targets will be linked back to .
