Discuss the behavioural implications of planning

Assignment Help Operation Management
Reference no: EM131729220

An effective budget converts the goals and objectives of an organization into data. The budget serves as a blueprint for management's plans. The budget is also the basis for control. Management performance can be evaluated by comparing actual results with the budget.

Thus, creating the budget is essential for the successful operation of an organization.

Finding the resources to implement the budget - that is, moving from a starting point to the ultimate goal - requires the extensive use of human resources. How managers perceive their roles in the process of budgeting is important to the successful use of the budget as an effective tool for planning, communicating, and controlling.

Required:

Discuss the behavioural implications of planning and control when a company's management employs:

i. An imposed budgetary approach

ii. A participative budgetary approach

(at least 300 words)

Reference no: EM131729220

Questions Cloud

Utilize two of porter four competitive strategies : Summarize how a company would utilize two of Porter's four competitive strategies.
Draw a chart and show the linear trend and its equation : Draw a chart and show the linear trend and its equation. Show forecast values for each month using the linear trend (regression).
What are at least four reasons why smart goals motivate : What are SMART goals? What are at least four reasons why SMART goals motivate?
Dominance of other two companies in the global marketplace : what strategies could you use to impact the dominance of other two companies in the global marketplace? Why?
Discuss the behavioural implications of planning : Discuss the behavioural implications of planning and control when a company's management employs:
What is the process of consensus and biased language : What is the process of consensus? What is biased language? Give one example of a gender biased language.
Batches of heating elements are produced annually : Approximately how many batches of heating elements are produced annually?
Prospective study and retrospective study : Compare the differences between a prospective study and a retrospective study.
Undertaken by departmental managers for an effective plan : What steps should be undertaken by departmental managers for an effective plan? How will the management decision impact the functioning of the company? Justify

Reviews

Write a Review

Operation Management Questions & Answers

  What risk management and procurement tools and techniques

What risk management and procurement tools and techniques have you used prior to taking this course?

  Importance to developing cohesiveness and norms

What role does management play in ensuring that diversity is taken into account in the development of group and organizational norms? What are characteristics representative of effective teams in open systems? What is the importance to developing coh..

  Designing a multithreaded application

A Sudoku puzzle uses a 9 × 9 grid in which each column and row, as well as each of the nine 3 × 3 subgrids, must contain all of the digits 1 • • • 9. This project consists of designing a multithreaded application that determines whether the solutio..

  Coke working on the fairlife marketing efforts

A marketing intern at Coke working on the Fairlife marketing efforts suggested that one way to segment the milk market they compete in was to do it by fat content. Why not segment the milk market and target those who want non-fat, 1%, 2%, or whole mi..

  Multinational businesses and bribery

Construct and post at least one research question related to the proposed research topic, "Multinational Businesses and Bribery.” . When constructing a research question, be sure to phrase the question using either “What is the difference between gro..

  What is the ethical obligation of the doctor and the patient

Often times couples may experience difficulty conceiving children. What is the ethical obligation of the doctor? The patient?

  Victim and suspect typologies scenario

Based on the first suspect’s interview regarding the battery incident and understanding the trends in crime from your lesson, determine how the suspect fits the trends that have been observed. Identify any ways that the suspect does not fit those tre..

  Others in order to protect individuals or public from harm

Are there instances in which private medical information should be revealed to others in order to protect individuals or the public from harm?

  Which king had the largest funerary complex at thebes

King Amenhotep's depictions underwent a physical change after his first sed-festival at the temple of Luxor. What was different about his characteristics, and what did he now wear

  Think specific individuals are complicit in the perpetuation

Discuss whether you think specific individuals are complicit in the perpetuation of institutional discrimination. If you think certain individuals are complicit, then explain how they are complicit. If specific individuals are not complicit, then how..

  Which of the following stages of the information processing

You are trying to concentrate during an examination but you get distracted by the sound of another student tapping her pencil on her desk. Which of the following stages of the information processing model are you in?

  How does a global business benefit from the acquisition

What is ISO 90002. How does a global business benefit from the acquisition of ISO 9000 certification?  Explain briefly how a company can achieve lower production costs and increase productivity by improving the quality of its products or services.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd