Holy Cross of Davao College Sta.

Ana Avenue, Davao City College of Business Bachelor of Science in Hotel and Restaurant Management

Name: Claire Ann S. Rodriguez Course and Year: BSHRM !! Su"#e$t%&ime S$'edule: &our ( )*+:++ am **:++ am, ASS!-NM.N&: *. /'at is &erritorial 0lanning1 22!t refers to t'e met'ods used "y t'e 3u"li$ se$tor to influen$e t'e distri"ution of 3eo3le and a$tivities in s3a$es of various s$ales. 4. /'at is 5inan$ial 0lanning1 225inan$ial 0lanning means to 3re3are t'e finan$ial 3lan. A finan$ial 3lan is also $alled capital plan. A finan$ial 3lan is an estimate of t'e total $a3ital re6uirements of t'e $om3any. !t sele$ts t'e most e$onomi$al sour$es of finan$e. !t also tells us 'o7 to use t'is finan$e 3rofita"ly. 5inan$ial 3lan gives a total 3i$ture of t'e future finan$ial a$tivities of t'e $om3any. Financial Planning is the mathematical sum of following parameters: 5inan$ial Resour$es )5R, 8 5inan$ial &e$'ni6ues )5&, 9 5inan$ial 0lanning. A finan$ial 3lan $ontains ans7ers to t'e follo7ing 6uestions: 2Ho7 mu$' finan$e )s'ort term, medium term and long term, 7ill "e re6uired "y t'e $om3any1 25rom 7'ere t'is finan$e 7ill "e a$6uired )gat'ered,1 !n ot'er 7ords, 7'at are t'e sour$es of finan$e1 &'at is, o7ned $a3ital )3romoter $ontri"ution, s'are $a3ital, and "orro7ed $a3ital )de"entures, loans, overdrafts, et$.,.

2Ho7 t'e $om3any 7ill use t'is a$6uired finan$e1 &'at is, a33li$ation or utilization of funds. 5inan$ial 3lan is generally 3re3ared during 3romotion stage. !t is 3re3ared "y t'e 0romoters )entre3reneurs, 7it' t'e 'el3 of e:3erien$ed )3ra$ti$ing, 3rofessionals. &'e 3romoters must "e very $areful 7'ile 3re3aring t'e finan$ial 3lan. &'is is "e$ause a "ad finan$ial 3lan 7ill lead to over $a3italization or under $a3italization. !t is very diffi$ult to $orre$t a "ad finan$ial 3lan. Hen$e immense $are must "e ta;en 7'ile 3re3aring a finan$ial 3lan. (. /'at is Human Resour$es 0lanning1 22 Human resources planning is a 3ro$ess t'at identifies $urrent and future 'uman resour$es needs for an organization to a$'ieve it goals. Human resour$es 3lanning s'ould serve as a lin; "et7een 'uman resour$es management and t'e overall strategi$ 3lan of an organization. Aging 7or;er 3o3ulations in most 7estern $ountries and gro7ing demands for 6ualified 7or;ers in develo3ing e$onomies 'ave unders$ored t'e im3ortan$e of effe$tive Human Resour$es 0lanning. As defined "y Bulla and S$ott )*<<=,, 'uman resour$e 3lanning is >t'e 3ro$ess for ensuring t'at t'e 'uman resour$e re6uirements of an organization are identified and 3lans are made for satisfying t'ose re6uirements?. Reilly )4++(, defined 7or;for$e 3lanning as: >A 3ro$ess in 7'i$' an organization attem3ts to estimate t'e demand for la"or and evaluate t'e size, nature and sour$es of su33ly 7'i$' 7ill "e re6uired to meet t'e demand.? Human resour$e 3lanning in$ludes $reating an em3loyer "rand, retention strategy, a"sen$e management strategy, fle:i"ility strategy, talent management strategy, re$ruitment and sele$tion strategy.