Ideally, the first and most important management goal of any company would be long term, sustainable growth. A company that can fulfill this goal will always be in a good financial and strategic position (the company will be valuable, even if it is not for sale). In order to facilitate long term, sustainable growth, a profitability goal must be established first (if there is no margin, there is no mission). How is this profitability goal determined and achieved? It all starts with the fiscal budget.
The BG Resource includes the following:
Financial Management – Fiscal Budget R3
Fiscal Budget Process
Fiscal Budget – Creation/Enforcement Using Percentages