Marketing Strategy
Top-down budgeting is a financial planning approach where upper management sets the budget based on overall strategic goals, and then allocates resources down to departments or teams. This method emphasizes control and alignment with the organization’s objectives, as it requires lower levels to work within the constraints established by higher management. It is particularly relevant in settings where quick decisions are necessary, and it streamlines the budgeting process but may limit input from those who are closer to day-to-day operations.
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