Managers who follow the suggestions listed here are more likely to be successful in using budgets as a positive motivational tool for accomplishing organizational goals through people.
1.ı Emphasize the importance of budgeting as a planning device.
2.ı Encourage wide participation in budget preparation at all levels.
3.ı Demonstrate that the budget has the complete support of top management.
4.ı Recognize that the budget is alterable; modifications may be required if conditions change.
5.ı Use budget performance reports to identify poor performers and to recognize good performance.
6.ı Conduct budget training to provide managers information about the purposes of budgets and to dispel any erroneous misconceptions.
No comments:
Post a Comment