Budget is one of the most important documents of a healthcare organization and is the central document of the planning/control cycle. It identifies the revenues and resources that will be needed for the organization to achieve its goals and objectives and allows the organization to monitor the actual revenues generated and its use of resources against that which was planned.
To prepare for this Discussion:
Identify one example of an event that has changed the operations of your organization or an organization with which you are familiar with. If you are not currently working in a healthcare organization (HCO), you may choose a case study from a reliable source from which to work.
Review this week’s Reading and Learning Resources.
Post a cohesive response to the following:
Why are planning and budgeting functions are important to an organization’s strategic, financial, and operational success?
Also, provide a graduate-level response to each of the following questions:
- A salesperson must have a good understanding of the competition, customers, and everything connected with the company. Why, however, should a salesperson take time to be up-to-date on facts about the economy and the industry?
[Your post must be substantive and demonstrate insight gained from the course material. Postings must be in the student’s own words – do not provide quotes!]
[Your initial post should be at least 450+ words and in APA format (including Times New Roman with font size 12 and double spaced). Post the actual body of your paper in the discussion thread then attach a Word version of the paper for APA review]
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