Strategic Planning Versus Budgeting
As you have been introduced to this week, there is a wide range of budgeting options available to managers, and it is crucial to be able to differentiate between the various types and purposes of budgets in order to select the one that will best meet a particular need. This Application includes two separate components that will help you differentiate between and evaluate the diverse techniques.
Your first assignment is to write a 1- to 3-page paper on the relationship between strategic planning and budgeting. What is the role of each? How do they differ? Find specific examples to support your responses.
Plus The next part of this Application requires you to prepare a graphic illustrating at least seven different budget types, and their uses and key features. You may opt to design a table, that illustrates the concepts in a way that is meaningful and useful for your personal reference.
All work in APA format
References:
Shim, J. K., & Siegel, J. G. (2012). Budgeting basics and beyond (4th ed.). Hoboken, NJ: John Wiley & Sons.
Rahayu, A. S. (2014).CAPITAL BUDGETING FOR REPLACEMEN PROJECT EVALUATION (Study at PG Krebet Baru Bululawang Malang). Journal Administration Bisnis, 8(1).
Sandalgaard, N., & Nikolaj Bukh, P. (2014). Beyond budgeting and change: a case study. Journal of Accounting & Organizational Change, 10(3), 409-423.
Smith, R. D. (2013). Strategic planning for public relations. Routledge.