Effective Budgets
Not what you're looking for?
Many people believe the budgeting process is wasteful and ineffective. They maintain that managers spend too much time focusing on budgeting mechanics and not enough on strategic issues. They believe that emphasis on the budgeting process causes managers to neglect more important matters, such as eliminating nonvalue-adding activities that waste resources. Critics of the budgeting process also maintain that the information and formats that managers use in budgets fail to communicate the short-term business activities needed to achieve long-term goals.
Questions: How budgets are meaningful and justifiable for an organization? Is there a need for budgeting? What kind of ways you can suggest to make the budgeting process, the budget information, and the budgets themselves efficient, effective, and meaningful? Give detailed examples on any organization.
Purchase this Solution
Solution Summary
How budgets are meaningful and justifiable for an organization are examined.
Solution Preview
Organizational budgets are in fact an important part of the planning process. While many find the use of budgeting to be ineffective, the truth of the ...
Purchase this Solution
Free BrainMass Quizzes
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Motivation
This tests some key elements of major motivation theories.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking