Essay from the year 2002 in the subject Business economics - Business Management, Corporate Governance, grade: 64% (England = B+), University of the West of England, Bristol (Bristol Business School - Bachelors Degree Business Administration), language: English, abstract: Accounting is an important aspect of management control. Budgets are unarguably the most obvious form of utilising accounting data to monitor and punish or reward strategic business units and consequently employees, regardless of whether they are managers or workers on the shop floor, according to their performance in relation to budgeted targets. "The budget is a financial plan for implementing the various decisions that management has made" (Drury 1997, p. 8). Participation in the formation process of budgets by those ultimately affected is practised in companies with the aim to generate a better-performing workforce. Empirical evidence on the effects of participative budgeting is ambiguous and the literature is fragmented. In this paper, I shall mainly review research on participative budgeting as well as other issues in budgeting and some critical perspectives on budgeting as a means of management control.
Participative Budgeting and its Effects on Employee Motivation
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Essay from the year 2002 in the subject Business economics - Business Management, Corporate Governance, grade: 64% (England = B+), University of the West of England, Bristol (Bristol Business School - Bachelors Degree Business Administration), language: English, abstract: Accounting is an important aspect of management control. Budgets are unarguably the most obvious form of utilising accounting data to monitor and punish or reward strategic business units and consequently employees, regardless of whether they are managers or workers on the shop floor, according to their performance in relation to budgeted targets. "The budget is a financial plan for implementing the various decisions that management has made" (Drury 1997, p. 8). Participation in the formation process of budgets by those ultimately affected is practised in companies with the aim to generate a better-performing workforce. Empirical evidence on the effects of participative budgeting is ambiguous and the literature is fragmented. In this paper, I shall mainly review research on participative budgeting as well as other issues in budgeting and some critical perspectives on budgeting as a means of management control.
Master's Thesis from the year 2020 in the subject Leadership and Human Resources - Employee Motivation, Employee Satisfaction, , language: English, abstract: The general objective of this study is to...
This seminal work explores the relationship between employee participation in budgeting, locus of control, and organizational effectiveness. Drawing from rigorous research and extensive case studies,...
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and...
In the arena of the teaching nowadays, it is argumentative over a certain point -whether a person in teaching heads a Setter office than that of the other professionals.Most of the persons, in...
Master's Thesis from the year 2017 in the subject Leadership and Human Resource Management - Miscellaneous, grade: 2.30, University of Bahrain, language: English, abstract: This study research is...
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