Topic > The importance of financial planning and budgeting
If there is not enough routing capital, it raises concerns of mismanagement. If there are not sufficient capital funds, this means there is no solid budget plan in place. In such circumstances, if a financial budget is available, an expense audit helps to review the expenses. All in all, a quick resolution using the tools of “listening, further data collection and analysis, negotiation, consultation, process review, and retraining” is essential (White and Griffith 452). Furthermore, what is most important is to enable management to learn to contribute and work as colleagues. In this process, the HCO accepts full transparency to maintain trust among all stakeholders throughout the process
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