ABSTRACT
This chapter focuses on the organizational environment and people side of financial planning and control systems and how they are critical to the survival of an organization. Organizations realise that strategic planning offers the best way to deal with understanding and dealing with the complexity of a changing world. The new approaches focus on moving as closely as possible to making what the customer wants, at the quality required, when the customer wants it. Many techniques have been developed to achieve this, but all tend to have common features. The internationalization of its operations provides an organization with an opportunity to expand its sales and profits and to establish and maintain competitive advantage. Foreign direct investment may involve import substitution, with inputs or final products being sourced locally. Environmental accounting provides information in accordance with generally accepted accounting principles in the Annual Report and Accounts.
