Reasons Why the Company Overlooked the Funding - Essay Example

The surveys are important for any company to know the exact expense the company uses. The company would have budgeted unwisely making the budget deficits occur due to a poor budget plan. Poor budget plans are the source of a monetary crisis.

The solution to the deficit
The foundation needs to assess the risk and re-strategize on the important issues that will assure the children’s summer takes place. The strategy should focus on the strengths of the company, which will help sustain the company in the crisis. Another way to go about the debacle is to share the expense evenly in the company endeavors so that every department has little to go around and find the balance in the budget. The budget restructuring will make economic sense when the company has in place a strategic direction during the crisis period. The company must accept the crisis to move on quicker by tightening the use of money in the company. The expenditure needs to be trimmed to a sizable amount to make the company survive the hit. More caution on the use of funds should be placed with scrutiny of monetary utility implemented. Read More