Question

“Preparing a budget is a waste of time. The strategic plan is what we work to accomplish.” How would you respond to this comment?

Answer 1

solution:

Vital arranging is tied in with setting the long haul key objective and goal of the association and to set the course of the association in the way of accomplishing its central goal and vision by utilizing and using the accessible human and different assets ideally. Vital arranging is long haul and comprehensively envelop the long haul key course of the association.

Planning is more about defining quantitative objectives for the association. Financial plan is a standout amongst the most imperative piece of key arranging process. Setting quantitative targets and foreordained quantitative objectives with the normal execution standard for each arrangement of elements of an associations encourages it to accomplish its vital goal.

The key arranging time frame is subdivided into littler periods (like a quarter, half-year or year relying upon the charecter of the association) and for each such period spending plans like Sales Budget, Production Budget, Cash spending plan, Master spending plan and so on are readied anticipating the quantitative focus to be accomplished by the organisation . Each such spending plan is set up based on predefined standard and goes about as a measuring stick of estimating the execution of the different utilitarian branches of the association.

Accomplising the planned target and achieveing the coveted quantitative outcomes is what is expected to accomplish the vital goal of the association.

In this manner planning is in actuality a key piece of the generally key arranging process. Without vital arranging, an association will have no rule to accomplish its long haul objective using its accessible assets ideally and withour planning the vital arranging will itself neglect to achive the destinations set by it.