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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 Preview

    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. ...

    Solution Summary

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