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Chapter 6
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Chapter 6. Quickly read chapter 6 Some high points:. Budgets. Goals Significant time devoted to budgeting Many different names Many different types. Time Horizon. One day to several years. Typically have yearly budgets Rolling budgets. Employee Behavior.
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Chapter 6
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Chapter 6 Quickly read chapter 6 Some high points:
Budgets • Goals • Significant time devoted to budgeting • Many different names • Many different types
Time Horizon • One day to several years. • Typically have yearly budgets • Rolling budgets
Employee Behavior • Budgeting can cause specific employee behaviors. Will you allow your employees to “participate?” Are your targets reasonable?
Budgeting: approaches • Continuous improvement. • Zero-Based budgeting.