Relationship between strategic and financial planning
Strategic planning is the process of the determination of the company's direction in the reference of the goals of Starbucks and how to achieve them. Financial planning for this company will involve the process of managing the company's finances over a period of time to meet the objective of the company. Both involve defining objectives, information gathering and analyzing data followed by implementation of the plan and monitoring of the results (Patel, 2007).
Identification and discussion of the strategic initiative
The annual strategic initiatives for Starbucks are meant to set the guide on rules and objectives of this firm over one year period. After the elapse of ...