Corporate Strategic Budget Management Theory And Applied Research

Strategy gives direction for enterprises' sustainable develop -ment and budgeting is the important measure for the implementation of strategy. But with global competition is becoming more and more drastic, the demands of consumers becoming variable, the development of technologies changing quickly. The problem of corporate budgeting can't align with their strategy, can't adapt to the change of environment has become the focus of enterprises. The problem also is what the paper pay attention to.Through studying of traditional budgeting,strategic manage -ment and the practices of how the leading companies in the Europe and America better their traditional budgeting .This paper describes the necessities, concept, characteristics, contents, and functions of strategic budgeting, the relation with traditional budgeting and strategic management of strategic budgeting. At the same time, this paper has a studying on how to prepare and implement strategic budgeting with balanced scorecard, critical success factor, and rolling forecast (budgeting) . Besides, this paper has a case analysis on how Sunlight Food Company prepares and implements strategic budgeting.The new ideas of this paper are in two sectors. First, this paper studys how the leading companies in the Europe and America better their traditional budgeting. Secondly, the studying of strategic budgeting is new in the world.I hope this studying will give enterprises helps to link theirbudgeting to strategic management and adapt to the change of environment. Also, give Chinese companys references to learn from the best budgeting practices of the leading company in western country.