Budgetary control is the monitoring of the performance of the resource allocation plan in comparison to the budgeted financial targets. Budgetary control is often linked to performance management systems, which track the performance of the executives.
How exactly budget control affects organizational performance?
There is no doubt that budget control is a key performance tool for organizations. But not every organization has the ability to perform well in that budget control. This will be a different story. Some organizations have good budget control but poor performance, but other organizations perform well but have poor budget control.
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