DELL

Dell



Dell

Strategic and Financial Planning

Dell a leading computer technology organization has recognized a high ethical standard of doing business with customers, vendors, stakeholders, suppliers and shareholders. As a result of the changing technology world Dell have administered with rapid environmental changes in their market in order to be competitive. The management tools of an organization have is clear in alignment to achieve and develop growth and success. Such tools like strategic and financial planning are absolutely crucial to the growth of an organization. Dell is committed in designing, developing, manufacturing, marketing, and supporting information technology systems. The company is furthermore engaged in servicing printers, servers, and other related products. The company operates through four reportable business segments, namely, Americas Commercial; EMEA Commercial; APJ Commercial; and Global Consumer .

Strategic planning is a tool for finding the best future for the organizations and the best path to reach that destination. As with any management tool, it is used to help an organization do a better job—to focus its energy, to ensure that members of the organization are working toward the same goals, and to assess and adjust the organization's direction in response to a changing environment. In short, strategic planning is a disciplined effort to produce fundamental decisions and actions that shape and guide what an organization is, what it does, and why it does it, with a focus on the future. It is a process of establishing long-term goals and developing modes of achieving those goals. The financial planning is a way of determining the organizations expenses, assets and future income in alignment to acquire money to achieve the strategic goals that have been established (Mintzberg, 2008).

The Relationship between Strategic and Financial Planning

The relationship between strategic and economic planning in an organization is to drive the decision making for long-term success allowing them ability to succeed in a changing environment. Dell is a propelled organization that is the foremost in the industry and in order to be successful in such a competitive market they should set the company for success by developing strong strategic and financial planning goals. The goal is to recount the strategic planning initiative and identify an initiative used by Dell in their annual report. This will recount how this initiative will impact the organization financial planning, costs and sales. The risks associated with the initiative and the financial impact that these risk may have. These objectives will be established based on the financial planning and reports submitted by Dell's organization. Corporate entities take up a set of strategic planning tour guides to survive a highly competitive and volatile business environment. Perhaps we should take a closer look at this strategy in alignment to improve our own financial strategies for personal investments (Mintzberg, 2008).

Financial Problems Which Might a Company Encounter When Implementing a Strategic Plan

In order for Dell's organization to be successful and competitive in the technology market the focus should be on setting clear strategic and financial planning in alignment to respond to changing ...