Peer Comparison: Short vs Long-Term Financial Planning
Peer Comparison: Long vs Short-Term Planning
Does your?organization have a sustainable financial plan for the next year? What about the next five to ten years? It's easy to be reactive and focus on what's important right now when so many external factors and unexpected variables?regularly impact how we operate our businesses. But a proactive approach to how far out organizations project their data has consistently resulted in higher performance than those focusing only on short-term results. In this month's article, we reflect on the relationship between short & long-term financial planning and an organization's performance over time and what you can do to heighten your financial planning process.