Strategic initiative paper | Business & Finance homework help
The initiative discussed in the organization’s annual report is the launch of a new product line. This initiative affects the organization’s financial planning by increasing their potential income stream as they invest resources into developing and launching the new products. Additionally, it increases their long-term viability by diversifying their portfolio and opening up opportunities for further growth. By investing into research and development, they are also able to identify target markets and better tailor their products to meet consumer demand.