Managing through Budgets for Increasing Firm’s Performances in a dynamic and globalized Economy

Abstract

In a more and more competitive world, with continuous changes and a need for adjustment, each firm is seeking better positioning and better results. In order to obtain them, various techniques are used. The paper presents an integrated approach referring to increasing the firm’s efficiency using strategic managerial tools and econometric forecasting, combined with the development of a management by budgets system for the companies, in order to help them achieve their desired results.