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Q. Show the behavioural aspects when implementing budgets?
The following behavioural aspects could arise when implementing budgets
- Budgets seen as a 'penny pinching' exercise rather than for cost control.
- Employees become united, finding excuses for not meeting targets.
- Lack of support from management may cause low motivation or morale.
- Budgetary slack or 'budget padding' e.g. wasteful spending introduced within cost estimates submitted by management or staff.
A good strategic plan is a dominant motivator for change and usual progress updates are crucial to maintain that momentum. The next steps then are to regularly ensure in on progres
Q. What do you mean by Dividend cover? Dividend cover Dividend cover = Profit available to ordinary shareholders (PAT) / Annual dividend (no. of times) Or = EPS/Divi
what is the greatest takeaway from this case in terms of strategic management
social responsblities of strategic decision maker
Assume a city of 1 million people, 75% of who are willing to pay $1 maximum (each) to clean up pollution. The rest of the population is willing to pay $100 each to clean up polluti
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Q. Show the Arguments against the controllability principle? - Political arguments may occur over such costs which are more subjective than objective when determining controll
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