Introduces students to strategy and its impact on process and performance; helps students understand basic business processes and their inherent risks; and emphasizes the importance of managerial accounting information in making decisions about strategy, process, and performance.

Drawing on network theory from the organizational sociology literature, this book examines issues related to which organizational factors determine how employees influence the budgeting process. Data were collected from managers who participate in the budgeting process at a major apparel manufacturer. Social network analysis was employed to measure how the structure of the network of managers affects the budgeting process. The results show that budgetary influence is structurally determined and resides with managers holding central positions in the organizational network. Thus, while formal...