Financial Planning and Business Performance: Evidence from Private Sector of Uzbekistan

Abstract

Prudent financial planning is a clue for sustainability, viability and activeness of an enterprise in market and business environment. Flexibility and relevance of financial analysis, forecast and expectations ensures longer stay and access to the market in any conditions. In transition and developing economies, role of financial planning is central as the economy and business environment are under reforms and development. This article examines the relevance of financial planning in the context of a business environment of a transition economy and provides recommendations for further improvement.

Keywords: financial planning, business environment, budgeting, forecasting, Uzbekistan.