Discuss relationships between budget targets and performance

Assignment Help Management Theories

Reference no: EM131245564 , Length: word count:3000

Management Control Systems Take-Home Exam

Take home exam is the case study of "HCC industries",

Required:

1. Discuss the relationships between budget targets and performance evaluation procedures of HCC Industries.

2. Why did HCC corporate managers decide to abandon "stretch" budgeting concept?

3. Describe the new processes that HCC implemented to replace its existing budgeting concept. What are the strengths and weaknesses of this new process?

4. Evaluate the decision to use 'minimum performance standard" (MPS) targets instead of "stretch" targets.

5. Should HCC managers have expected that the MPS target-setting philosophy would be equally effective in all four operating divisions described?

6. What, if anything, could have been done to improve the implementation of the new philosophy?

7. Referencing using Harvard style and presentation.

Case Study - https://drive.google.com/file/d/0B5FzFeD1OI9eZnItZHJIcmhPV0U/view.

Reference no: EM131245564

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len1245564

10/17/2016 6:43:23 AM

Total 2600 to 3000 words required. Assignment should be of top quality. The attachment contains assignment requirement, case study and chapter notes. This sentence is very important: Evidence of extensive research beyond the prescribed text is required and it should be properly referenced. The following matters should be given particular attention: Evidence of extensive research beyond the prescribed texts is required. Ensure these are referenced appropriately in your references using Harvard referencing. Assignment must be typed and properly documented.

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