Managers charged with implementing and executing strategy need to be deeply involved in the budgeting and resource allocation process because
A. too little funding deprives organizational units of the resources to carry out their piece of the strategic plan and too much funding wastes organizational resources.
B. a change in strategy nearly always calls for budget reallocations and resource shifting.
C. without major budget reallocations there is no chance for the desired core competencies and organizational capabilities to emerge.
D. lean, carefully managed budgets protect the company's financial condition and eliminate wasteful use of cash.
E. Both A and B.
Answer: E