What specific example illustrates the difference in decision-making power between a manager and an executive regarding budget?
Answer
A manager might decide how to efficiently spend a division's $5 million budget, while an executive decides if that division receives the funding or if it should be redirected.
The distinction is that a manager determines the efficiency of spending allocated funds within their division, whereas an executive determines the allocation itself—deciding if the funding is necessary or if resources should be redirected toward new strategic priorities.
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