B Chapter 24 - B Chapter 24 Strategic Planning and...

Info icon This preview shows pages 1–4. Sign up to view the full content.

B Chapter 24 Strategic Planning and Budgeting Strategy Implementation : Process of identifying, evaluating, and deciding on organization’s strategies Strategic Planning is the first step: Process of deciding on the programs the organization will undertake to implement its strategies and on the approximate amount of resources to be allocated to each program Zero-Base Review (process analysis/process reengineering/activity ban=sed management): Each year the budgeting process starts from zero, rather
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

than starting with the current level and making changes to this level Zero-Based Review of Expense Center : Should this activity be continued? Is too much being done? Too little? Should it be done internally, or should it be contracted to an outside firm (outsourced)> Is there a more efficient way of obtaining the desired results? How much should it cost? Benefit-Cost Analysis
Image of page 2
Budgeting: Planning-outcome of planning process is budget Communication-must communicate
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Image of page 4
This is the end of the preview. Sign up to access the rest of the document.
  • Spring '10
  • Harris
  • Management, Capital Expenditure, budget Negotiation Budget

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern