What is The Strategic Planning Process? with there Components, KPIs, and Importance

Hello, Friends here from Flash Tutorials, I just wanted to thank you for reading my articles, whether it’s ‘25 excel tips and tricks 2019‘, ‘4 components of the business plan‘, ‘8 steps to writing a business plan‘ or something else. In this article, I explained what is the strategic planning process? What are the components of the strategic planning process? KPIs, Cascading goals with example. So that you could get the most out of your tool and bring the most value to your organization. Continue reading “What is The Strategic Planning Process? with there Components, KPIs, and Importance”

4 Important Components of the Business Plan

“The organization who wants to outperformed & make a continuous profit must satisfy 4 Important components of the business plan first.  For long-term success, there should be perfect synchronization between these components of the business plan. The business components which influences the performance of the business entity are stakeholders, processes, resources & organization.”

Components of the Business Plan
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What is REVENUE ?

Business is the transaction between two parties who involve themselves in a trade or exchange of goods & services. It is a process where both parties share the common interest for mutual benefit. They exchange the value where one party gains monetary benefit over the other after exchanging of goods and services. This transaction reveals the concept of Revenue. It is the total gross class flow to the business entity before deducting expenses & taxes. 

If we want to calculate the total amount of Revenue, then we need to multiply the total number of Units sold with the selling price.
 
For example: If the firm is manufacturing machinery tool for $10 units each, then the total revenue for 10 units is 10*($10) = $100

Revenue & it’s interdependence with other Financial & Accounting terms :

Revenue

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