Walden University Obstacles to Strategic Financial and Fiscal Planning Discussion

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Walden University Obstacles to Strategic Financial and Fiscal Planning Discussion

need substantial discussion post response (apa format) to the following:

Government organizations provide critical services and programs to the public, and their success is extremely important. Successful organizations in the public sector need to be financially empowered. A vital and pertinent question for a public administrator is the following: How do government organizations achieve financial empowerment in an era of limited resources and substantial competition for the money that is available? A simple answer is through strategic financial planning.

This week’s readings discuss how strategic financial planning differs from traditional strategic planning. Strategic financial planning helps to ensure that an organization’s critically important mission, goals, and objectives are supported by adequate revenue. It does this, in part, through an analysis of the organization’s strengths, weaknesses, opportunities, and threats. This week, you consider the factors that may affect successful strategic financial planning in public organizations.

REQUIRED READINGS

Casey, J. P., & Seay, K. T. (2010). The role of the finance officer in strategic planning. Government Finance Review, 26(6), 28–36.
Retrieved from the Walden Library databases.

Brittain, L. (2006). City of Toronto’s long-term fiscal plan. Government Finance Review22(6), 18–24.
Retrieved from the Walden Library databases.

Moynihan, D. P. (2006). Managing for results in state government: Evaluating a decade of reform. Public Administration Review66(1), 77–89.
Retrieved from the Walden Library databases.

Moynihan, D. P. (2012) Creating a performance-driven federal government. Public Manager, 41(4), 41–44.
Retrieved from the Walden Library databases.

The government agenvy selected is THE HOLLY SPRINGS POLICE DEPARTMENT in HOLLY SPRINGS, GA.

INFO available online

Discussion: Obstacles to Strategic Financial and Fiscal Planning

Every organization, including governments, must survive in an environment full of opportunities and threats. Governments must find ways around threats and take advantage of opportunities that arise. Complicating the existence of government organizations is the fact that they are open systems that are affected by both external and internal forces. External forces include economic or political opportunities and obstacles. Internal forces relate to human resource strengths or weaknesses, or other inherent conditions of the organization.

In this Discussion, you focus on internal and external factors that may affect the development of a successful strategic financial plan in a government organization.

Review this week’s Learning Resources. Then, select a public organization and consider how what you read about factors affecting strategic financial planning relates to this specific organization.

With these thoughts in mind:

BY DAY 4

Post a brief description of the government organization you selected. Then, explain the internal and external factors that might impede the development of a successful financial strategic plan. Provide examples of at least two internal factors and one external factor, and explain how they could impact the organization. Then, identify how these obstacles may be overcome.

Be sure to support your posting and responses with specific references to the Learning Resources.

 

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