Consider the organization where you work or an organization with which you are familiar. Focus specifically on the importance of the budgeting process, forecasting, and strategic planning for informing stakeholders about how the organization operates and how these tools are used in decision making. (Note: If you are not in the position to be involved in budgeting processes, either interview someone in your organization or a professional outside your organization who can provide you with this information. Be sure to identify the position held by this person in your post.)
Post an analysis of the role of strategic planning, budgeting, and forecasting for an organization, to include the following:
1.Provide an overview of the organization and your position within or relationship to the organization.
2. Analyze how strategic planning, budgeting, and forecasting processes impact this organizations decision making. Be sure to include at least one example to support your analysis.
3. Examine how you, as a manger or future manager, could utilize a budget to measure performance and to assist in effective decision making.
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