Financial planning - Assignment Example

In the absence of the business knowledge, the company would not capable of competing effectively. 2. Investors are instrumental to economic growth. Dissatisfaction of the investors elicits disengagement from doing business in a given location (Taylor, 2012). The consequences of such moves include deterioration of economic growth. Thus, the interest of the clients comes first when designing policies that would affect business environment. Insensitive policies client’s demand often restrain investments.

Similarly, clients often prefer to dissociate with businesses that fail to address their concerns. Good business policies affect investors as well as their clients. Conflict of interest is a critical concern to business growth because it affects the way investors would do business. Many investors are willing to engage in businesses that have limiting conflict of interests. 3. First, the business will be uncompetitive in the target market. Inappropriate advice limits the ability to address the needs of the consumers in target market resulting to lack of competitiveness.

Second, inappropriate advice precipitates business failure because the company would be incapable of meeting the expectations of the clients (Taylor, 2012). The viability of the business largely depends on appropriate measures that it takes when handling the needs of the consumers. Lastly, inappropriate advice elicit inappropriate responses, for example, if the business does not receive appropriate advice on how to manage address the concerns of the employees it might end up loosing talented workers.

Largely, the advise should be tailored towards addressing the business needs. 4. This strategy would change image of the business and consumer brand promise. The design of products tends to influence the image of the company in the eyes of the consumers. Improving the company’s products with respect to clients needs is one the mechanism of