Question: Why does a company's budget need to be closely linked to the needs of good strategy execution?Multiple ChoiceScarce funding slows progress and impedes the efforts
Why does a company's budget need to be closely linked to the needs of good strategy execution?Multiple ChoiceScarce funding slows progress and impedes the efforts of organizational units to execute their pieces of the strategic plan proficiently.Excess funding wastes organizational resources and reduces financial performance.Tight budget control that involves reallocations and resource shifting is management's most powerful tool for firstrate strategy execution.Organizational units always need the proper funding to carry out their part of the strategic plan effectively and efficiently.If internal cash flows prove insufficient to fund the planned strategic initiatives, then management must raise additional funds through borrowing or selling additional shares.
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