Terms Of Reference
This report will look into the options for financing an acquisition of a piece of land to be
used for storage. Every source of finance has a cost, I have had to take these costs into
account. I will first investigate the different funding options then evaluate which I feel
would be the best investment decision.
Procedure
To complete my report I spoke to people within the company I work for, Barclays bank
and my Tutor. A lot of the information I have used has come from the internet. I used the
internet to research different funding options and their advantages and disadvantages. I
found these sources very helpful as I was able to read sections from books and reports.
Importance of making Strategic Decisions
Strategic decisions are important in all business. Companies identify their objectives then
look into all the possibilities and evaluate them and make a decision which will help the
business achieve the best financial outcome. Strategic decisions can be made many ways
depending on the objectives. There is no specific way to make these decisions but if every
angle is looked at and the outcomes are compared then most will result in the best financial
consequences. The best way for a company to ensure they make the most financially
prudent decisions is to have astrategic management system. In our company the managers
from each department form the strategic management team. It is an ongoing thing and they
meet regularly to review the business. They can then come up with any improvement or
