Business Planning
Planning for Sustainable Growth
EBSCO’s annual business plan process aims to support advance planning of resource allocation while keeping the Board informed of financial results, expectations, and cash flows. It reflects the choices, priorities, and strategies of each business unit or corporate service center, linking plans to long-term goals.
Who: President, Finance Leader
Frequency: Annually
The Business Plan will include (1) a detailed budget for the Fiscal Year (P&L and capital expenditures), (2) high-level financial projections for the LRP time frame, and (3) key assumptions supporting the next 3 years.
Key Theme:
The first objective of the business planning effort is to define our best operating expectations for the next three years. The key assumptions used in deriving the projections (i.e., revenue drivers, capital investments, hiring and compensation plans, market risks, opportunities, etc.) underpin this effort, which will help facilitate the aggregation of those assumptions.
By defining our longer-term expectations, we can better formulate the necessary steps to reach these goals. The 3-year outlook is essentially a financialization of our strategy, with the last 2 years more high-level in nature.
