Ethics and Compliance

Ethics and Compliance Paper

Planning is an important part of a Disney’s growth and success. Companies like Disney uses two types of planning, and they are strategic and financial planning that has various focuses and therefore specific. Strategic and financial planning involves two main links and these links affects the way managers approach the planning process at Disney. Financial planning consists of managing finances in a way that companies like Disney meets business needs over time whereas strategic planning involves the process of deciding which direction the company will follow, the goals for the business and how to achieve what the business wants. Both planning concepts not only involve the definition of objectives, gathering, and analyzing data but also implementing the plan and observing the results (Thibodeaux, 2012). This paper will entail a strategic planning initiative for Disney while identifying the initiative in discussion in Disney’s organization annual report, describe how the initiative affects Disney’s financial planning, how the initiative affects cost and sales, and risks in association with the initiative and possible financial effects.

How the initiative affects the organization’s financial planning

The objective of the strategic planning initiative is to fulfill Disney’s mission. New initiatives require money to implement, and one of the main obstacles in business is funding a new endeavor, purchase new equipment and employ more workers to take on new projects when the financing is not readily available. The initiative and planning are important to each other and needs to be in coordination to ensure success. The identification of new markets via forecasting, market assessments, and creating an organization flow to support plans are crucial during the planning stages. The initiate affects the organization’s financial planning in a number of ways, to include making sure funds are available to support Disney’s mission and strategy...