A senior partner in your company suggests that you prepare a detailed discussion paper for new and existing businesses addressing the topics below.
1. Explain the importance of financial planning using tools such as budgets and forecasting. Include examples of financial plans and their use in an Airline and J Sainsbury (You can target 2 typed pages).
2. J Sainsbury has four strategic priorities (full report is uploaded to Moodle). Evaluate how some of the key initiatives related to strategic priorities can be funded. Assess the information needs of different decision makers who will be involved in this financing activity. Identify the main groups of decision makers and discuss their information needs. (You can target 2 typed page)