A RESEARCH ABOUT THE EFFECT OF THE STRATEGICAL FINANCIAL PLANNING OF THE COMPANIES IN LOGISTICS SECTOR IN TURKEY ON THE COMPANY GROWTH

Abstract

The financial planning involves a part of the planning process, and the planning helps to improve the profit, develop the decision making and even decrease the number of it. The planning means to take the decisions which will affect the future of the company by today. Since the future is indefinite, it is also possible that the plans made are not realized. That’s why the future is a moving target, and the reason of the planning is to achieve the goal of the company. Logistics enterprises that actualize the financial planning effectively can grow with ease. Because all the sources obtained are used most effectively, and these actually used sources affect the company growth positively. Revealing how the strategical financial planning of the enterprises in the logistics sector in Turkey should be and how these financial plans affect the company growth are the primary purposes of this study. For achieving this purpose, the relations between literature and the terms are tried to be supported by the major studies after being described the conditions that generate the content of the survey. The hypothesizes of the research has begun to be developed by being created the theoretical framework. Within this scope, firstly a research was actualized by a questionnaire form to see at what level the strategical financial planning in companies grows in comparison with the profitability of the company, company growth, and the sector average. The data obtained were evaluated by the statistical analysis then tested by the hypothesis as well.It is observed at the end of the analysis that the strategical financial planning is essential to empower the financing structure of the companies in the logistics sector and being realized this planning correctly is directly associated with the correct financial decisions.

Keywords

• Financial planning,strategical financial planning,financial profitability,company growth,logistics sector

References

1. Akın, F. 2015, ‘The Definition and the Purpose of the Financial Management,' İstanbul, Beta Printing Inc., p.11
2. Akın, Ö. and Reyhanoğlu, M. 2014, ‘The Innovation Portrait of the Turkey within the Context of the Size of the Companies’ (Period of 20022008),"İzmir: Dokuz Eylül University Journal of Social Sciences Institute 16 (1), pp. 23-51.
3. Aktan, C.C. 1999,” New Management Techniques in the 2000s’ Strategical Management," İstanbul: TUGIAD Publishing, pp. 1-18.
4. Dinçer, Ö. 2007, ‘Strategical Management and Business Policy,' İstanbul: Alfa Publishing, p.16
5. Erol, Y., İnce, A. R., Aras, M. 2013,” The Choice of Strategical Management Approaches in Turkish Industry: research in companies of ISO 1000," Business and Economics Research Journal, 4 (3), pp.75-92.
6. Işık, Ö. 2011, “ Synergy of Innovation and Strategical Management’ Strategical Innovation,” Manisa, Celal Bayar University, Journal of Social Sciences 9(2) p.541
7. Otlu, F. ve Demir, Ö. 2005, ”The Cost Systems in Strategical Decisions”, Elazığ, Fırat University, Journal of Social Sciences, 15 (1), pp.155170.
8. Sucu, M. E. 2010, “Strategical Management of SMEs and a Research, A Published Post Graduate Thesis,” Denizli: Pamukkale University, University of Social Sciences, p.118

9. Şener, S. 2009, “ Economy Agenda”, Turkish Republic, Çanakkale On Sekiz Mart University Biga Faculty of Economics and Administrative Sciences, Journal of Management Sciences, 7(1), p.27
10. Uzkurt, C. 2010, “Innovation Management: What is innovation, How it is conducted and marketed?”, Publishing of Ankara Chamber of Industry, pp.41-42