Purchase Solution

Staff budget input and board decisions

Not what you're looking for?

Ask Custom Question

Can someone please provide some assistance with a question. Its for an MBA course and needs to be between 350 and 450 words. Question below....Thank you so much in advance for your help. I really appreciate it.
Describe the value of having staff input and board approval of the budget. Consider the following:
• Why do we want staff to request program expense amounts, when they are inclined to want more than the organization can afford?

• Why does the board have approval authority when the more it approves, the more money the board will need to help raise?

Purchase this Solution

Solution Summary

Reasons why staff input into budgets is a good idea for boards to consider.

Solution Preview

If one considers this topic, the answer is almost apparent. The value of having staff input and board approval of budgets is because staff has to adhere to the budget to get the job done, but the board has the responsibility to maintain the financial health of the organization. Oddly, some management and board membership does not consider the input of staff as important. However, these are the people closest to the work performed by the organization and the most knowledgeable about its needs and dependencies. They are also the ones the organization requires to get the work done and their input gives them some voice ...

Purchase this Solution


Free BrainMass Quizzes
Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

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.