Why Does a Company's Budget Need to Be Closely Linked

question 46

Essay

Why does a company's budget need to be closely linked to the needs of good strategy execution? Why might a change in strategy call for budget reallocations?

---

Definitions:

Import-Competing Producers

Manufacturers or firms within an economy that produce goods which are in competition with imported goods from other countries.

Free Trade

International trade left to its natural course without tariffs, quotas, or other restrictions.

Canadian Labor

The workforce of Canada, including all employed and unemployed individuals actively seeking work within the country.

Autarky

is an economic system of self-sufficiency where an entity, typically a country, operates without importing or exporting goods.