03-02-2009, 10:43 PM
Awais/Maani,
In practical terms, one has to assess the limitation factors first of all whenever preparing such budgets or forecasts etc.
In all decision making processes it is vital. If some one comes to you and ask he wants to start a business, your first question would be how much investment you plan. When he tells you, you will ask which sector you prefer.....and then so on. You have to identify the limitation factor and then proceed within its boundries. One cannot ignore or bypass this vital factor merely for the reason that a particular book has mentioned something weird.
While preparing zero-based budget this gets more and more importance. In incremental budgets one may have certain prejudiced way out to the issue.
Regards,
KAMRAN.
In practical terms, one has to assess the limitation factors first of all whenever preparing such budgets or forecasts etc.
In all decision making processes it is vital. If some one comes to you and ask he wants to start a business, your first question would be how much investment you plan. When he tells you, you will ask which sector you prefer.....and then so on. You have to identify the limitation factor and then proceed within its boundries. One cannot ignore or bypass this vital factor merely for the reason that a particular book has mentioned something weird.
While preparing zero-based budget this gets more and more importance. In incremental budgets one may have certain prejudiced way out to the issue.
Regards,
KAMRAN.
