“If you aim at nothing,
you will hit it every time”
– Zig Ziglar
We’ll now look at why budgeting is essential to all organizations.
This quote explains it well – If you aim at nothing, you will hit it every time.
If you do not have goals / objectives, you will definitely not achieve them.
1.Aligns the organization’s goals
Ensures all employees have consistent goals
2.Allows managers to plan for the future and manage day-to-day operations
Helps employees prioritize their work
3.Allows management to assess progress against goals
Throughout the period
At the end of the period
4.Allows management to identify trends and take action if necessary