please respond to the following discussion post as a peer making a comment on the current discussion. “A strategic plan sets forth the goals, direction, and mission, of the organization. While the organization may have extraordinary goals, the strategic plan keeps goals as inspiration however realistic.
To be realistic means using a real budget that notes the current and anticipated market swings, and looks at historical data of other organizations taking on similar projects; The strategic plan will also set clear expectations for keeping the organization both unique and in continual growth.
Thus, if the strategic plan has a clear picture for the cash flow requirement for the organization, if the cash flow changes, so too will the strategic plan. The strategic plan will mold itself around the budget allotted. If the budget should increase, the more inspirational goals may become more permissible; if budgets decrease, the strategic plan will be more towards realistic.
The strategic plan sets the tone for how a budget is allotted. For example, if an organization’s plan is heavily invested in people, the cash allocation to money could be pulled from equipment and put towards people. As the organization further determines its goals, the budget and plan will mend itself to meet the leadership’s short and long-term expectation