Explain how fiscal planning ties into the strategic planning. Provide at least two concrete examples.

Fiscal planning is an essential component of the strategic planning process as it provides the necessary framework for managing a firm’s finances in order to achieve its goals over time. This involves setting up budgets, developing systems for tracking and monitoring performance against those targets, and creating financial forecasts to ensure that resources are being used efficiently.

One concrete example of this could involve a company revising their pricing strategy in order to increase sales revenues in certain markets. By conducting thorough fiscal planning prior to making such changes; this would enable them to develop detailed budgets – accounting for any potential costs associated with implementation or future risks that may arise from volatility within that particular market in order to maximize profits while minimizing losses.

Another example could be related to assessing the viability of investing in new technologies or expanding into different geographical regions etc. Here, fiscal planning would involve considering both short-term (cost/time considerations) as well as long-term objectives (market share gains or cost savings) so that management teams can make informed decisions based on quantitative data rather than relying solely on subjective opinion which may not necessarily lead them towards achieving their set goals.

In conclusion, fiscal planning is an integral part of the strategic planning process since it helps organizations assess whether proposed initiatives have a realistic chance at success before committing any resources towards them; enabling firms to make proper use of their financial capital while also avoiding costly mistakes along the way.ough or selling the stock, which may have an effect on your net returns.