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Q: How would you identify timescales priorities and financial resources when preparing a budget?
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Includes top-level managers with membership tailored to the type of organization structure involved to determine priorities and ensure effective allocation of resources?

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Includes top level managers with membership tailored to the type of organization structure involved to determine priorities and ensure effective allocations of resources?

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Financial resources are loans, mortgages etc. Which are provided on returning capacity.


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Objectives can help guide what the organization is going to do. Priorities help guide what the organization will do first and which objectives should have the most resources applied to achieving them.


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Allocation of financial Resources . Procurement of found . Efficient and Effective utilization of financial resources


What is the effectiveness of budget in achieving organizational strategic goals pdf?

Budgets play a crucial role in helping organizations achieve their strategic goals by allocating financial resources strategically. By setting clear financial targets and priorities, budgets guide decision-making and resource allocation to support strategic initiatives. However, the effectiveness of budgets in achieving strategic goals also depends on factors such as alignment with organizational priorities, flexibility to respond to changing circumstances, and proper monitoring and evaluation.


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