The relationship between effective planning methods (long-term and short-term) and the budgeting and control processes is critical in effective strategic planning. Practical approaches to organizational planning and integration with budgeting as well as related concepts and methodologies are included in this course. For those seeking to increase their knowledge of practical planning and budgeting techniques as a means of achieving improved organizational effectiveness and gaining the competitive advantage, this course provides guidance. The interaction and interdependence of the strategic planning, detail planning, budgeting and monitoring processes are essential first steps in determining the right direction for an organization in its planning and operations.
Upon successful completion of Business Strategies for Competitive Advantages, the user should be able to:increase understanding of the relationship between overall organizational planning and the detailed budgeting process to achieve competitive advantage,familiarize strategic planning concepts and techniques upon which to base the direction of the organization and its operational budget,increase knowledge of short-term planning methodology, including organizational, departmental, and functional goal and objective setting,increase understanding of detail planning procedures, plan implementation, and related monitoring techniques,present effective budgeting techniques that relate to the organizational planning process and ensure success of developed strategic strategies,increase understanding of the relationship between strategic, long-term, short-term, and detail planning and the budgeting process and the concept of flexibility to change in plans and the related activity levels of operations, andreview effective planning and budgeting evaluation and control principles.
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