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Strategic budgeting

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Strategic budgeting is very necessary, but are most managers able to perform this task successfully in your opinion? Why or why not?

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Solution Summary

This solution briefly outlines strategic budgeting strategies and provides an expert opinion as to whether managers tend to successfully perform these strategies.

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Strategic budgeting asks an organization to answer several questions
1. Validate the Mission Statement
2. Assess the External Environment
3. Assess the Internal Environment
4. Formulate a Vision
5. Identify Critical Success Factors
6. ...

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