Personal and Professional Growth

Blueprint for Personal and Professional Growth

During this course, you have become familiar with a number of different types of budgeting and examined their preparation and uses. Consider the information you have been given. As a manager, you might not have to construct a budget, but you will be required to provide input in its creation or work with a previously constructed budget. In a 1- to 2-page paper, respond to the following:

• What is the importance of budgets for organizations in today’s global economy?
• There are many assumptions that go into the preparation of a budget. What are some of those assumptions and how will you gather reliable information to make more accurate assumptions?
• What budgetary skills do you need to possess to be an effective manager and what will you do to improve those skills? What resources will you consult for information?
• What did you learn in this course that is most important to your future as a manager? How will you apply your newly acquired knowledge in your profession?
• After taking this course, how will you approach your role as a manager differently?