Budget Development Best Practice 1 – Maintain Confidentiality During Budget Development
Strategy Driven
FEBRUARY 7, 2012
Budgets are the financial representation of an organization’s business plan. As such, they convey a great deal of information regarding the organization’s direction – its ongoing operations, market pursuits, future investments, and staffing levels. And while it is important to include the workforce in the formulation of these plans, it is equally important to maintain the confidentiality of information providing competitive advantage or that may unnecessarily alarm workers.
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