Strategic budgeting is very necessary, but are most managers able to perform this task successfully in your opinion? Why or why not?© BrainMass Inc. brainmass.com November 30, 2021, 4:48 am ad1c9bdddf
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
This solution briefly outlines strategic budgeting strategies and provides an expert opinion as to whether managers tend to successfully perform these strategies.