Obstacles to Strategic Financial and Fiscal Planning
The assignment was a discussion about internal and external factors in strategic financial planning.
Respond to the 2 post below in one or more of the following ways:
• Validate a colleague’s posting using the Learning Resources and/or your personal experiences.
• Expand on your colleague’s posting using the Learning Resources and/or your personal experiences.
Please write two separate paragraphs responding to each of the posts below. Each paragraph should have at least one reference. Do not write an essay or a conclusion connecting them. That is not the assignment.
RE: Discussion – Week 4
The internal operations of the American Red Cross can be affected by the prevailing challenges, trends, and opportunities. The organization’s report card on conflict impacts its political agenda. The success of the organization in humanitarian activities impacts its future actions. For instance, the integrity challenges that faced the American Red Cross during the September 11 and Hurricanes Rita and Katrina negatively influenced the internal management of the organization. The increased advancement in technology especially the internet technology positively impacts the internal management of the organization because the public is increasingly aware of how the organization manages and allocates resources donated by the public (Kapucu, Arslan & Collins, 2014). The terrorism trends in the United States as well across the world have a great impact on the internal management of the American Red Cross following the September 11 incident that claimed the lives of many people in the United States. The world is experiencing terrorist attacks and hence the humanitarian services offered by the American Red Cross influence allocation of resources and budgeting. Additionally, the organization is required to offer more training to volunteers in order to offer quality services to the victims. For this week’s discussion, I chose the American Red Cross Foundation, for there dedicated service to the public with wide range opportunities and programs.
Factors that affect successful financial strategy planning includes Organizational Culture and Structure, and Management. Attitudes of salaried staff, hourly staff and volunteers alike can make or break a strategy, as can an organizational hierarchy that allows for no flexibility. If there is no faith in the management, and the culture of the organization is stifling or restrictive, there is no room for flexibility. The organizational culture and structure of the American Red Cross are highly conducive to successful strategic planning. To overcome this obstacle, they have consistently relied upon volunteers for their success and are exceptionally aware of the benefit of talent, and use that awareness to its benefit, offering orientation and training to ensure that they fit you with a volunteer opportunity that matches a volunteer’s skills and interests (Wilder Foundation, 2016). Management capabilities and leadership styles also affect the development of a successful financial strategic plan. From faith in the abilities of the management to employee morale, management is the second most important factor in the success of strategic planning internally.
External factors including funding can be disastrous if not approached head-on and included in any plan. Networks are the foundation of information growth, this is true with grants and government funding as well. Getting yourself out there, self-advocacy, becoming known amongst your peers, with grant-makers, and in the community are great ways to begin your network. Collaboration builds trust among organizations, further increasing your network.
The success of the American Red Cross significantly impacts social change. For instance, the organization has contributed significantly to saving the lives of many victims of a disaster. Additionally, the organization has created a positive mentality among the public with regards to helping the needy and addressing the challenges facing people. The organization has given many people an opportunity to help the victims of disasters. Additionally, the volunteering program encouraged by the American Red Cross creates an impression that people can come together to improve the lives of others. The organization offers training to several volunteers on how to improve society in humanitarian ways.
American Red Cross. (2017). How the American Red Cross spends your donations. American Red Cross. Retrieved on October 22, 2019 from: https://www.redcross.org/about-us/news-and-events/press-release/How-the-American-Red-Cross-Spends-Your-Donations.html
Kapucu, N., Arslan, T. & Collins, M. (2014). Intergovernmental and inter-organizational response to catastrophic disasters: Toward a network- centered approach. Administration and Society, 42(2), 222-247
Bureau of Alcohol Tobacco and Firearms and Explosives (ATF)
The ATF is the bureau that is in charge of gun, tobacco, and alcohol control. The bureau is charged with protecting the American community from violent criminals and criminal organizations, the illegal trafficking of firearms, terrorism, and the illegal diversion of alcohol and tobacco. The organization’s functions are both investigative and law enforcement, and they collaborate with other federal institutions and local law enforcement agencies. However, the agency faces several internal and external factors that interfere with its ability to develop a strategic financial plan.
One internal factor is the human resource management plan that is currently in place. The plan involves the recruitment of a large number of law enforcement agents to carry out this function (Berlow, 2016). Changing this to be more inclusive of other duties of the agency, considering the limited funds, could prove to be a costly affair. The agency also currently does not have a permanent CEO (Giffords, 2019) whose functions would include approving and being a part of the development of a financial and strategic plan. The challenge with having the interim CEO is that each will have their own ideals and aspects that they would like to be integrated into the financial plan, which may lead to an ever-changing ineffective financial plan.
One external factor that is faced by the agency is the changing political environment. Gun control is a matter that has the public’s interest with varying opinions. When a new president is elected into office, they come with their ideas for the management of the ATF that could inhibit the budgetary allocation for the agency (Giffords, 2019). The ATF could ensure that, like all other federal agencies, they can have a regular appointment of a CEO who would steer the autonomy of the agency to mitigate these factors. The CEO will also oversee financial planning over a longer time as compared to the past.
ATF. (n.d.). What We Do. Retrieved from ATF: https://www.atf.gov/about/what-we-do
Berlow, A. (2016, January 6). The current gun debate may not help beleaguered ATF. Retrieved from The Center for Public Integrity: https://publicintegrity.org/national-security/current-gun-debate-may-not-help-beleaguered-atf/
Giffords. (2019, April 25). MEMO: ATF at a Time of Transition: Underfunded and Unduly Restricted. Retrieved from Giffords: https://giffords.org/press-release/2019/04/atf-director-announcement-memo/
THE INFORMATION BELOW IS NOT THE ASSIGNMENT JUST MORE INFORMATION
MY CLASSMATES’ WERE RESPONDING TO THE DISCUSSION BELOW
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:
Post by Day 4 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.
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