Explore BrainMass

Explore BrainMass

    The relationship between the strategic plan and the budget

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    How would you describe the relationship between the strategic plan and the budget in higher education? What should it look like when everything goes according to plan? What are some keys to ensuring that things do go accordingly to plan?

    © BrainMass Inc. brainmass.com March 7, 2023, 7:18 pm ad1c9bdddf

    Solution Preview

    In reference to higher education institutions, there is often an inability to focus on the actual Return On Investment because this is more difficult for higher education organizations to ascertain. There are many benefits associated with universities that can't be quantified using the traditional budgetary model. Therefore, the strategic plan must be in alignment with the budget using cost-benefit calculations ...

    Solution Summary

    The strategic plan and budget for higher education are compared and their relationship discussed.