By 1914, then, the three nations of the Triple Alliance-Germany, Austria-Hungary, and Italy-stood against the three nations of the Triple Entente-France, Russia, and Great Britain. The spark that would set off a fire of war was about to ignite.y 1914, then, the three nations of the Triple Alliance-Germany, Austria-Hungary, and Italy-stood against the three nations of the Triple Entente-France, Russia, and Great Britain. The spark that would set off a fire of war was about to ignite.
Flexibility â The importance of planning increases in an organization where stability has not been observed. These are typical traits of a newly formed organization, or an organization which is trying to rebuild itself. These organizations do not have a standard strategy.
Budgets play a central and key role in the planning and control processes of business firms. The importance of budgets in planning and controlling functions makes management accounting and the provisioning of management information a critical organisational function.