Examine The Effect Of Major Economic Changes On Companies Reliance On Budgeting

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Budgeting is a valuable tool for planning, controlling, coordinating, communicating, evaluating, and improving performance and decision making. On the other hand, some experts have mounted wide-ranging criticism of the way budgetary systems are typically implemented. In this respect, examine how corporate reliance on budgets is affected by major changes in the economic
environment (i.e., covid-19 pandemic) and investigate how companies brought more flexibility to their budgeting process to cope with environmental uncertainty