This article discusses the role of budgeting in company performance, focusing on the importance of budgeting, types of budgets, and its impact on the performance of Softconic, an IT company. It covers the concept of budgeting, its benefits and drawbacks, and the relation between shorter-term plans and budgeting. The article also explores the concept of participative budgeting and its advantages and disadvantages. Overall, it provides insights into how budgeting can help companies survive and thrive in challenging situations.