Weihrich, 2007).More significantly, the strategic level of management is made up of top-level management who are involved in developing long-term plans that are of high-level qualitative nature as it affects the daily running of company’s cost and budgeting activities. As the highest level of management, its output focuses on requests for the performance levels of the organization. The strategic level has yearly production quotas that identify best product mix and policies on cost and budgetary information system replacement and modernization. Noticeably, the strategic level is made of the board of directors and other heads of functional divisions dealing with finance, marketing, production and human resources activities within an organization (Kerzner, 2009). Considerably, the top management allows for the establishment of directional long-term strategic policies focused on purposefully driving the success of company’s future direction. More so, the top-level management bases their strategic decisions on information that is mainly collected from sources outside the company that mainly relates to competition, market trends and, new product developments. . Analysis of Cost and Budgetary Information Systems.
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