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do you think top-down budgeting or bottoms-up budgeting results in more out-of-the-box thinking? Support your view.
Step by step
Solved in 3 steps
- Explain the three levels of planning. What is the main factor that differentiates the three levels? Suppose a manager argues that budgeting does not work. How would you explain the advantages and importance of budgeting to your manager?How can you make sure that you spend sufficient time being proactive and engaging in analysis and strategic thinking?What are some common mistakes that organizations make during the planning process.
- Which is more important- planning or controlling? How are they different? What is a break-even point? How is an organization's financial planning and control similar to your personal budget process?Discuss one benefit and one challenge a manager might face if using Flexible budgetingHow does an organization evaluate and adjust its plans based on changing circumstances and feedback?
- what is the SWOT ANALYSIS in Procter and gamble?What is the role of technology in planning? How can organizations leverage technology to improve their planning processes and outcomes?Which database would you select for your budgeting? What are the factors you took into consideration when making this decision? Please discuss.
- What are the differences between "incremental" and "revolutionary" strategies, as well as "intended" and "actual" strategies? Do you think one is more valuable than the other? If so, why? Have you considered what the barriers to strategic planning are? What might those challenges be in your sphere? How can an organization overcome barriers to strategic planning?https://youtu.be/C0UOvhnIqxE which outlines management decisions based on an organization's focus on either profitability or liquidity? Why are these important goals seemingly at odds? Under what circumstances might one be more important than the other?What are the advantages and limitations of different types of planning methods, such as scenario planning or contingency planning?