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Strategic planning requires financial acumen from "summary" of Financial Intelligence, Revised Edition by Karen Berman,Joe Knight
To effectively engage in strategic planning, individuals must possess a solid understanding of financial concepts. This is because financial acumen plays a crucial role in the strategic decision-making process. Without a grasp of financial principles, it is challenging to assess the financial implications of different strategic options and make informed choices that align with the organization's overall goals. Financial intelligence allows individuals to interpret financial statements, analyze key financial metrics, and understand the financial health of the organization. This knowledge is essential for evaluating the potential risks and rewards associated with different strategic initiatives. By having a firm grasp of financial acumen, individuals are better equipped to make strategic decisions that will drive ...
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