A budgeting model can help in achieving strategic success by providing a framework for forecasting, command, and control. It allows senior management to precisely forecast what the company needs to do to deliver stable earnings per share (EPS) trends. It also helps in ordering each business department and function to execute the plans that will add up to the targeted total. Moreover, it monitors activities within each department to ensure the team members stick to plans and deliver desired results. It also shifts the focus from financial precision to strategic success, driving the budgeting and adaptation process, and sparking discussions that allocate resources from the strategy down, rather than from individual projects up.
Simplify the process of budget creation with our Budgeting Model template. This template includes ex...
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