Discuss why budgets are so important for all organizations

Assignment Help Operation Management
Reference no: EM132820118

Budgeting is a powerful tool for all businesses. Budgets play a vital role for both the public and private sectors in the development of a sound business strategy.

-Discuss why budgets are so important for all organizations.

-Describe some advantages and disadvantages to budgeting.

Reference no: EM132820118

Questions Cloud

What are the maximum sales at full capacity : Having a retention ratio of 50 percent, if the firm is now operating at 80 percent capacity, what are the maximum sales at full capacity?
Discuss any ethical issues involved in your cases : Discuss arguments for criminalizing or not criminalizing ethical or unethical behavior. Discuss or address any ethical issues involved in your 2 cases.
What is patagonia cost of capital : If Patagonia raises capital using 45% debt, 5% preferred stock, and 50% common stock, what is Patagonia's cost of capital?
Discuss problems that law enforcement professional encounter : Using the library, Internet, or any other credible materials, discuss problems that law enforcement professionals encounter when computer crime laboratories.
Discuss why budgets are so important for all organizations : Budgeting is a powerful tool for all businesses. Budgets play a vital role for both the public and private sectors in the development of a sound business strate
What is the post-money valuation of the business : A new business has had 2 rounds of financing to date. The founder initially put in $1,437,040, of her own capital and received 759,000 shares of bonds in return
Make a judgment call on the financial condition : Explain why you can't use just that one ratio to make a judgment call on the financial condition of a company.
List of key recommendations to address the corruption : Provide a 1-page bulleted list of key recommendations to address the corruption occurring in the police and correctional systems, with short explanations.
Economic advantage of the preferred alternative : Carla has decided to purchase a $30,000 car. She can either liquidate some of her investments and pay cash, or accept the dealer's terms of $7000 down

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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