Managers charged with implementing and executing strategy need to be deeply involved in the budgeting and resource allocation process because
A)too little funding deprives organizational units of the resources to carry out their piece of the strategic plan and too much funding wastes organizational resources.
B)a change in strategy nearly always calls for budget reallocations and resource shifting.
C)without major budget reallocations there is no chance for the desired core competencies and organizational capabilities to emerge.
D)lean,carefully managed budgets protect the company's financial condition and eliminate wasteful use of cash.
E)Both A and B.

Question

Quizplus · Accepted Answer

Both options A and B are valid reasons why managers charged with implementing and executing strategy need to be deeply involved in the budgeting and resource allocation process. Too little funding can hinder the organization's ability to achieve its strategic goals, while a change in strategy often requires a reallocation of resources. Therefore, managers need to have a strong understanding of the budgeting and resource allocation process to ensure that they have the necessary resources to carry out their strategic plans.

Managers Charged with Implementing and Executing Strategy Need to Be