Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help me rewrite this in a simpler way: When you are doing what you are supposed to do in a performance-based budget, but the to

help me rewrite this in a simpler way: When you are doing what you are supposed to do in a performance-based budget, but the to decrease revenues cuts are made to the budget then I think the organization will need to prioritize its objectives. Some goals may need to be delayed or eliminated to focus on the most critical ones. Also, the organization may need to find ways to achieve the same objectives with less resources or if the metrics are no longer achievable with the reduced budget, they may need to be adjusted to reflect the new financial reality. It's important to communicate these changes to all stakeholders. This includes explaining why the changes are necessary, what the new objectives are, and how the organization plans to achieve them with the reduced budget. Having a decreases budget only means that the organization will have to reevaluate everything to make it work

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Hospitality

Authors: John R Walker

6th Edition

013302430X, 9780133024302

More Books

Students also viewed these General Management questions

Question

What reward will you give yourself when you achieve this?

Answered: 1 week ago