Budgeting, Forecasting and Planning In Uncertain Times

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DETAILED HISTORY AND PERFORMANCE MEASURES MODELS

The detailed history and performance measures modeb are created to make sense of results being achieved. The detailed history model does this by drilling down into a particular result to reveal the detail behind the numbers. The performance measures model takes a high-level view by combining summaries of internal performance with external data to create industry related comparisons.

REPORTING PAST AND FUTURE PERFORMANCE

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Field Marshal Arthur Wellesley, otherwise known as the Duke of Wellington, was one of the leading military and political figures of the 19th century. He was commissioned into the British Army in 1787 and rose to the rank of general. One of his more prominent campaigns resulted in the defeat of Napoleon in the Battle of Waterloo in 1815. He is famous for his extensive planning before battles, which left him able to score victories against larger superior forces at minimum cost to his own troops.

According to various online encyclopaedias, the Duke of Wellington is regarded as one of the greatest defensive commanders of all time, with many of his tactics and battle plans studied in military academies around the world. He is also known for his disregard of ineffective and inefficient bureaucracy, as can be seen from the following letter he is said to have written in 1812 while leading an army in Spain:

Gentlemen

Whilst marching from Portugal to a position which commands the approach to Madrid and the French ...