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| Topic: |
Business
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| Number of pages / Number of words: |
13 / 3540 |
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Important benefits of improving the budgeting process include better companywide understanding of strategic goals, more coordinated support for those goals, and an improved ability to respond quickly to competition. A discussion of best practices used by leading companies to develop budgets follows. (Gruner & Jahr, 2003, Inc Magazine)...
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A discussion of best practices used by leading companies to develop budgets follows. (Gruner & Jahr, 2003, Inc Magazine).
- Link cost management efforts to budgeting.
By linking cost management efforts to budgeting, companies improve the quality of information available for managers to use in developing their budgets...
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