Read the article http://ww2.cfo.com/budgeting/2016/08/budgeting-inflexibility-cripples-bottom-line/
As you read, consider the following questions:
- How has budgeting evolved over time?
- What models are currently being used?
- Is there a budgeting model that works for all businesses?
- How do these budgeting models impact bottom-line?
Once you have considered these questions, respond to the following questions in your initial post: Which budgeting model would you select for your final project company? What are the costs and benefits to this approach?
When responding to two of your peers, identify strengths and/or weaknesses in their argument. If you agree with their argument, point out the items you agree with and provide support for their position. If you disagree with their argument, explain why you disagree and provide support for your position.
Refer to the Discussion Rubric ATTACHED for directions on completing these discussions.