Phương Giang Nguyễn
@evelyn
Phương Giang Nguyễn
“An artist has got to be careful never really to arrive at a place where he thinks he’s AT somewhere. You always have to realize that you’re constantly in a state of becoming. And, as long as you can stay in that realm you’ll sort of be alright.”
— Bob Dylan
We can see how strategy may connect to budget. It does so through the strategic guidelines, which gives the basis for the assumptions that managers will discuss and eventually apply in the decision making process within the budgeting activity.
The budget is a financial instrument to put strategy into action.
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So, the efforts in budgeting process will depend on the scope of the strategic guidelines. If the scope includes more detailed guidelines, probably, the assumptions discussions will be a flow through process in the company. On the other hand, if the guidelines are in a broad sense with not much details, managers will have to invest more time in
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Collagen nhật có hiệu quả, mua cho mẹ Trung vs mẹ Vĩnh
If your company is in a stable business sector then you may choose to invest more time in planning. Should your company be in a very dynamic business sector, then you may choose to invest less time in planning and more time in monitoring and controlling.
There might be issues that will be treated with more planning approach, whereas there might be others treated with a more control approach.