Definition
The process of assigning funds to specific departments or projects within an organisation. This involves planning how financial resources will be used over a certain period.
Why it matters (in Poovi’s context)
Central to the plot of the video, as the discussion revolves around the team’s budget and its intended use for a team outing.
Key properties or components
- Funding for activities
- Managerial decisions
- Team morale
- Financial planning
Contradictions or debates
None.