Why does a company's budget need to be closely linked to the needs of good strategy execution? Provide at least two examples of companies that have used strategic priorities to drive how capital allocations are made.

Explanation:

A company's budget need to be closely linked to the needs of good strategy execution as the company

might utilize the budget as per the strategy to expand, gain capital from divesting to utilize in new initiatives.

The key here is to gain access to capital from different sources in order to utilize them in other present or future investments that will provide the best return. So, it is strategically very relevant to prioritize the budget earnings and spend as per the company strategy.