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    Explain how the strategic planning process and the budgeting process are related? Give at least one example.

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    1. Explain how the strategic planning process and the budgeting process are related? Give at least one example

    Strategic planning is " a structured and coordinated approach for developing long-term organizational goals and for developing strategies to accomplish them. It is typically used to facilitate communication, to accommodate divergent interests, and to foster decision making through leadership and consensus building." (http://www.allbusiness.com/sales/sales-forecasting-sales-budget/).

    Strategic planning process is directly linked to the budgeting process because one of its ...

    Solution Summary

    The expert explains how the strategic planning process and the budgeting process are related, providing an example and references.

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