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For Going up, one should be able to see beyond budgets and every thing and plan to expense more towards, business re engineering rather than following certain written down work manual. It is necessary to break status-co for more of our business enterrises, Think differently and act wisely.
Yes you are right. But is meeting short terms plans ensure that long term goals are done.
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Effective budgeting is more than just tracking expenses—it’s about aligning financial resources with company goals, adapting to changes, and continuously optimizing the process for better outcomes. By setting clear financial goals, leveraging technology, and regularly reviewing your budget, you can significantly improve your company's budgeting and financial management. These improvements will not only provide more accurate financial forecasts but also help foster a healthier, more sustainable business in the long run.
Are there any other budget tips or strategies you've found effective in your company? Feel free to share your thoughts in the comments!
I believe that managers should consider both business plans and available resources/budgets to achieve success. While business plans provide a clear vision and strategy, resources and budgets are essential to ensure the plan is practically executed. Balancing strategic planning with resource management is key to success.
Yes, of course.
The first and the only major decision reference for implementing a project is business plan then required resource.
Because required resources for a project will be estimated by business plan or in the other hand feasibility study and before this study, providing or adequacy evaluating different resources are pointless
Having a business plan is the first step to achieving a goal. But if the plan is given more importance, without checking out the accessibility of available resources within a budget, the plan is bound to fail.
It is like saying that you have a new expensive car to drive without having its key and the budget to fill in the petrol to drive it.
Therefore, at the time of planning itself, you will have to work out the budget and the resources to ensure that the plan is successful.
Managers should make the balance between budget , available resources and between company short term plan in connection with company strategy sharing all levels to put their plans operational,middle and top management
