Memo to the budget managers in an organization

Assignment Help Other Subject

Reference no: EM13786293

The budgeting process and budgets themselves have significant impacts on management actions and performance, in both positive and negative ways. It is common at many local, state, or national governmental agencies, and nonprofit organizations, and even in some for-profit enterprises for managers to increase spending at the end of the budget cycle. This process, usually referred to as "use it or lose it" can be harmful to objectives of any organization. Managers do this, as they often feel that if they don't spend the amount that was budgeted this year, next year their supervisors will reduce their budget by the amount not spent in the current year. So, to avoid having their budget dollars reduced, managers often increase spending at the end of the year to ensure all budgeted amounts are spent even if items are not necessarily needed. This is more common in government and nonprofit organizations, but can be found in for-profit enterprises as well.

Requirement: Write a memo to the budget managers in an organization, assuming you are the CEO. Your memo should direct budget managers not to utilize this approach, but also offer a logical rationale, and perhaps an alternative solution.

Reference no: EM13786293

Questions Cloud

Summarize taylor reasoning and point : Imagine Stanley and Steinhardt had the opportunity to reply to Taylor's case. Compose that reply. Note: This prompt requires that you are able to summarize Taylor's reasoning and point to particular disagreements, then articulate reasons to reject..

Determine wal-marts economic order quantity : The demand for spring water at the SLC Wal-Mart is 500 liters per week. The setup cost for placing an order to replenish inventory is $20. The order is delivered by the supplier which charges Wal-Mart $0.10/liter for the cost of transportation from t..

Value added and which are non-value added : In a smartphone of your choice (Pick either Android or iPhone), state the features that you think are value added and which are non-value added and CLEARLY explain your logic stating why you think a particular feature is value added or non-value adde..

The effectiveness of our communication issues : How do you think the new forms of language and abundance of diverse communication methods will affect our children and youth?

Memo to the budget managers in an organization : Write a memo to the budget managers in an organization, assuming you are the CEO. Your memo should direct budget managers not to utilize this approach, but also offer a logical rationale, and perhaps an alternative solution.

Necessary for success in a career in psychology : For this assignment, you will conduct an interview with your chosen psychology professional using those fifteen questions. The interview must last a minimum of thirty minutes. As specified in Module 1, you must ask the interviewee about his or her..

Weaknesses should be determined relative to competitors : Strengths and weaknesses should be determined relative to competitors, or by elements of being, or relative to a firm's own objectives. Explain.

What contexts is writing used in law enforcement : For each reason you list, discuss the goal(s) or purpose(s) and in what contexts is writing used in law enforcement. For each reason you list, discuss how being a poor writer could impact a law enforcement professional

Information systems help management implement this strategy : Play Around Toys Inc. operates stores in different regions of the country. The senior management of Play Around Toys Inc. has decided to tailor the merchandise selection for each store based on its sales patterns. How could information systems help m..

User Account

All Pages