Strategic Planning
Strategic management is the ongoing planning, monitoring, analysis and assessment of an organisation’s necessities to meet its goals and objectives. Changes in business environments will require organisations to assess their strategies for success constantly. Tax planning is the process of managing your financial resources to minimise your tax liability and maximise your financial benefits. Indian business owners need an effective tax planning strategy to save taxes; increase profits, and improve cash flow.
Each of the five P’s represents a distinct approach to strategy. This includes Plan, Ploy, Pattern, Position and Perspective. These five elements enable a company to develop a more successful strategy.