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Fundamentals of Financial Manageme...

14th Edition
Eugene F. Brigham + 1 other
ISBN: 9781285867977

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BuyFindarrow_forward

Fundamentals of Financial Manageme...

14th Edition
Eugene F. Brigham + 1 other
ISBN: 9781285867977
Textbook Problem

Would you agree that computerized corporate planning models were a fad during the 1990s but that because of a need for flexibility in corporate planning, they are no longer used by most firms? Explain.

Summary Introduction

To explain: Whether the computerized corporate planning model during 1990s are no longer used by the firm because of the necessity for flexibility in corporate planning.

Introduction:

Computerized Corporate Planning (CCP) Model:

The CCP model is a business planning model that is directly correlated with the financial model. This model explains the interrelation of the functional areas of the corporation that includes accounting, production, finance and marketing. When all the planning of the corporate is done with the help of the computer, it is known as the computerized corporate planning.

Explanation
  • Company hires professionally qualified employees and management to run the corporate professionally. When this model is used by the educated and professionally qualified employees, the efficiency of this model increases...

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