I can not explain how a small rudder is capable of handling an enormous boat said Lynda a passenger on one of the cruises that traveling through the Caribbean Sea. While together other travelers did a tour by one of the most luxurious and large cruise ships. It was not for less, a large boat need not only a travel plan but a guide a rudder, handled by a skilled captain, that allows you to comply with the route and reach your goals without drawbacks. Budgets have been and will continue to be the best tool of planning for any company or organization, it is the guide of flight in the Organization and have databases showing where we are going. They must become the reference for all managers marking the course of business for the prescribed period. Alphabet Inc. is often quoted on this topic. Definition on the internet I found this definition which I think is extremely accurate a budget is a plan Integrator and Coordinator expressed in financial terms with respect to operations and resources that are part of a company for a period determined, in order to achieve the objectives set by senior management the budget should be inclusive: they work all areas, it is a team effort and perform well, makes a commitment and common goals. You must be Coordinator: is the Guide for all areas, and the frame of reference for each manager. mark the Court, as well a professor said, lets define the responsibilities of each Executive involved.
The budget carries with it the Organization’s goals, despite is strictly financial and numeric, sets the direction where we’re going. Is what the ideal process? Historical basis, zero-based, percentage on previous year, customer by customer analysis, and others. The process should be adhoc to the Organization, the important thing is that it is a shared process, it encloses the business strategy. Use historical basis, because it is your main reference, then with each salesperson and Manager analyze category by category.