Authors :
Kajuan M. Billings
Volume/Issue :
Volume 9 - 2024, Issue 3 - March
Google Scholar :
https://tinyurl.com/48773w4s
Scribd :
https://tinyurl.com/3r5r9npm
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24MAR301
Abstract :
This paper explores how Chief Executive
Officers (CEOs) across various industries adapt their
resource allocation and divisional budgeting strategies in
response to contemporary business challenges. It aims to
shed light on the evolving role of CEOs in steering
organizational success through strategic initiatives,
highlighting the shift from traditional, efficiency-focused
models to flexible, value-driven approaches. By
conducting a qualitative analysis of recent literature, the
study examines patterns in strategic decision-making,
focusing on the balance between operational needs and
strategic goals amidst changing market conditions. The
research emphasizes the impact of industry-specific
factors, such as market volatility and organizational size,
on these strategic adaptations. Findings reveal a
significant trend towards more adaptable and strategic
resource management practices among CEOs, moving
beyond short-term operational efficiency to support long-
term goals. This shift is evident across different sectors,
including healthcare, manufacturing, and e-commerce,
though the extent and nature of its implementation vary
according to each industry's unique challenges and
opportunities. The study underscores the importance of
strategic adaptability for organizational resilience and
success in a rapidly evolving business landscape.
Keywords :
Budgeting Strategies, Chief Executive Officer (CEO), Resource Allocation, Strategic Initiatives.
This paper explores how Chief Executive
Officers (CEOs) across various industries adapt their
resource allocation and divisional budgeting strategies in
response to contemporary business challenges. It aims to
shed light on the evolving role of CEOs in steering
organizational success through strategic initiatives,
highlighting the shift from traditional, efficiency-focused
models to flexible, value-driven approaches. By
conducting a qualitative analysis of recent literature, the
study examines patterns in strategic decision-making,
focusing on the balance between operational needs and
strategic goals amidst changing market conditions. The
research emphasizes the impact of industry-specific
factors, such as market volatility and organizational size,
on these strategic adaptations. Findings reveal a
significant trend towards more adaptable and strategic
resource management practices among CEOs, moving
beyond short-term operational efficiency to support long-
term goals. This shift is evident across different sectors,
including healthcare, manufacturing, and e-commerce,
though the extent and nature of its implementation vary
according to each industry's unique challenges and
opportunities. The study underscores the importance of
strategic adaptability for organizational resilience and
success in a rapidly evolving business landscape.
Keywords :
Budgeting Strategies, Chief Executive Officer (CEO), Resource Allocation, Strategic Initiatives.
