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2016, vol. 63, iss. 1, pp. 295-312
The role and importance of strategic budgeting for competitiveness of the agribusiness supply chain
University of Belgrade, Faculty of Agriculture

emailbsavic@agrif.bg.ac.rs, vazor@agrif.bg.ac.rs, nikpop@agrif.bg.ac.rs
Project:
Development and utilization of novel and traditional technologies in production of competitive food products with added valued for national and global market - CREATING WEALTH FROM THE WEALTH OF SERBIA (MESTD - 46001)
Sustainable agriculture and rural development in the function of accomplishing strategic objectives of the Republic of Serbia in the Danube region (MESTD - 46006)

Abstract
Rapid challenges and changes that are an integral part of the business environment require from the enterprises to plan carefully their business, as well as to assess the probability of occurrence and outcome of future events. The importance of this approach is even more evident in the field of agribusiness, which is characterized by the increasingly unfavorable business conditions along with numerous specificities and limitations typical for agricultural activity. It is primarily about the growing business costs on one side and disproportionate changes in the level of agricultural products' selling prices on the other one. The enterprises form a supply chain in order to reduce risk and uncertainty, to realize the production of high-quality products at competitive prices, to maintain and increase the market share. The realization of such complex goals requires an adequate approach to the budgeting process. The aim of the paper is to highlight the importance, achievements and challenges of budgeting as an instrument of management accounting and strategic budget in order to support management in their efforts of acquiring and improving the competitiveness of the entire supply chain.
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About

article language: English
document type: Review Paper
DOI: 10.5937/ekoPolj1601295S
published in SCIndeks: 06/05/2016
Creative Commons License 4.0