Budgeting and Strategic Planning
Budgeting and Strategic Planning
The purpose and role of the budget can best be explained in the context of strategic planning. You will save yourself much time and stress during budgeting by building off pieces of planning that have already been done. In this video, I’ll:
- Show my strategic planning pyramid that quickly summarizes the planning process
- Reveal how shared value leads to business success
- Identify key assumptions that need to set in the planning process
- Point out analysis that needs to be done before budget season
- Explain the difference between budgets, forecasts, and projections