It is true that in a company there may be a budget without there being an adequate planning or; Of course, it is very difficult to obtain satisfactory results, besides witnessing a laborious process of budget formulation and execution, due to the difficulty of identifying the institutional trajectory, the achievement of medium and long-term objectives.
Many companies are dedicated to formulating objectives, goals and budgets, but only for one year; As a consequence, the decisions taken are not the most appropriate. In addition to being irreversible in some organizations; and on the other hand, putting the survival of the company at risk, because it does not have adequate planning that allows knowing in advance the vision and mission of the organization. Denying the internal and external analyzes of the organization for the definition of the most appropriate strategies in time.
However, the main responsibility of the directive of a company is the achievement of its objectives and goals for which it has been created, hence the managerial function will be based, of course, on the decision making process that enables the previously exposed. In this sense, the fundamental role that planning should play and especially the budgetary process takes on great importance.
On the other hand, planning is directly linked to the will, policy and commitment of senior management, in order to promote the participation of all organizational levels. An organizational structure identified with the functions and responsibilities must also be accompanied by an adequate process of control and evaluation, which allows applying the corrective measures at the indicated moment, as well as supplying necessary information for the re-planning in an ascending or descending manner, with the firm intention to reinforce, reorient or design new strategies that allow the execution of operational activities, thus achieving the achievement of the objectives and goals set.
Following the same order of ideas, we have to form a strategic planning requires the conjugation of a series of components, which we will enunciate below:
Every organization requires the definition and establishment of the mission and vision, through an organizational diagnosis of both the internal environment and the external environment.
Carry out a SWOT analysis (weaknesses, strengths, opportunities, threats).
Determination of strategies and objectives based on the critical factors identified over time.
Definition of objectives and operational goals based on the SWOT analysis.
Implement the programming of the necessary resources to finance the activities to be executed in order to achieve the goals and, therefore, the operational objectives.
