A critical aspect of strategic leadership is ensuring that funding aligns with the company's long-term objectives. Leaders should:
1. Conduct a Needs Assessment: Identify specific financial needs based on the company’s strategic plan. 2. Evaluate Funding Impact: Assess how different funding sources will affect control, equity, and operational flexibility. 3. Balance Risks and Rewards: Weigh the potential risks and benefits of each funding option, considering both short-term and long-term impacts.