As you’re learning in Assignment 2, a key technique in is the use of to help management make better business decisions.
Define this approach in your own words and discuss 2 applications of this concept in your (examples might . buy, plant location, new product or packaging, downsizing, acquisition/divestiture, etc.).
Discuss a variable or assumption within the project where the data was difficult to obtain and what you did to develop a reasonable assumption for the project economics.
Additionally, share or create one example where using financial data and that did, or could have, led to a better decision.
Describe your company’s annual budget process.
What is your involvement in the process?
What works well? What doesn’t work?
If you were CEO/CFO, what changes would you make and why?
How would you communicate to employees the value that the process brings to the business?
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