Discuss one benefit and one challenge a manager might face if using Flexible budgeting
Q: What is the most effective, Authoritative, or Participative Budgeting or combination of both?
A: Authoritative: Reasonable demands and a high level of attentiveness are features of authoritative…
Q: Briefly explain Macro management and its importance to management.
A: As a business possessor, it is important to find the right management style for the smooth run of a…
Q: Explain what studies have shown about the relationship between planning and performance?
A: There are different kinds of organizations these days. Different kinds of skills are required for…
Q: Briefly describe the concept of SWOT analysis in general
A: SWOT Strength: In a SWOT study, strengths are the characteristics of an organization that are…
Q: Explain other aspects of the goal information system?
A: ANSWER IS IN NEXT STEP
Q: What are the importance and limitations of planning as a function of management
A: Planning helps its organization to achieve its goals . The process of planning begins with…
Q: Please help me with this homework
A: The SWOT analysis is a way to analyze a company's competition and setting specific priorities.A…
Q: Explain how creativity and flexibility are important components of the planning process.
A: Planning is simply the act of choice ahead of time regarding what will be done, when and where it…
Q: the types of planning and how do the Manager to become a better planner.
A: Arranging in administration is concerning what steps you want to take to arrive at the objective,…
Q: Create a SWOT Analysis for thrift shop/store.
A: It is very important for a business to evaluate where it stands in a competitive market and what…
Q: What is the budget of jollibee food corporation?
A: Budget of a company is described as a vital part which essential for carrying out various business…
Q: participative budgeting? What are the advantages?
A: Participative Budgeting is a planning cycle in which individuals in the lower levels of the…
Q: Why is contingency planning important at all levels of management?
A: A contingent plan is designed to help organizations to a significant future event or situation. It…
Q: Perform your own SWOT analysis?
A: SWOT stands for Strength, Weakness, opportunity And threat It is a common tool in the executive…
Q: is management and its importance. Quote example for both from natural disaster .
A: Management is a process of preparation, dynamic, putting together, driving, inspiration and…
Q: Why should the production requirements set forth in the production budget be carefully coordinated…
A: Hello thank you for the question. As per guidelines, we would provide only one answer at a time.…
Q: Write down the opportunities given by SWOT Analysis.
A: Marketing environment implies market atmosphere where business executes its marketing programs that…
Q: Describe at least three benefits that an organization can expect to realize from budgeting.…
A: Below are the three benefits an organization gains from budgeting:
Q: What must be understood in order to develop useful action plans and why are they needed?
A: Action plans are developed to execute a strategy and strategies are made by every organizations…
Q: How would you utilize the Bosting Consulting Matrix and Ansoff Matrix in this planning process?
A: The Boston Consulting Matrix can be applied in planning process as follows: To apply the BCG Matrix…
Q: Differentiate between strategic, tactical and operational planning within an organization and…
A: This question is related to the topic-Business strategy and this topic falls under the operations…
Q: . Research and explain the four management functions, provide examples: a. Planning b. Organizing c.…
A: Management involved managing, forecasting, commanding, and coordinating the activities of the…
Q: Explain SWOT analysis as a management Tool
A: The term "SWOT" refers to the Strength, Weaknesses, Opportunities and Threats. However, SWOT…
Q: Explain SWOT analysis?
A: Modern business is highly competitive and active. To survive in a modern competitive environment,…
Q: Can Budgeting can be used as an effective substitute for planning?
A: In general terms, planning is all about deciding in advance what needs to be done in order to…
Q: One of the characteristics of planning process is cyclical or iterative. What do we mean by this?
A: Planning is the process of thinking and creating the activities which are required to perform in…
Q: What is the importance of SWOT analysis for businesses in management.And write the possible benefits…
A: SWOT analysis is important for managing business as it is a tool for evaluating its competitiveness…
Q: Give four reasons why performance management issues is difficult to handle in public sector as…
A: Performance management of a business is a way of ensuring that the employees are working efficiently…
Q: Which database would you select for your budgeting? What are the factors you took into consideration…
A: Budgeting and forecasting can be done in various ways like using spreadsheets or database…
Q: What are the useful planning tools and techniques that are being used in business organization?…
A: Introduction Planning tools and techniques in an organization helps to devise instrument's that are…
Q: What are some potential problems with the top-down and bottom-up budgeting processes? What are some…
A: Developing a plan for how you will actually spend your money is part of the budgeting process. This…
Q: What are the advantages of top down budgeting? Of bottom-up budgeting?
A: Top-down budgeting is an approach where the budget is prepared by senior management taking into…
Q: Management is all about Planning, organizing, leading and controlling. Explain and exemplify all…
A: Management is administrating the organization. Setting the strategies and coordinating the…
Q: Budgeting
A: Budget is defined as statement for a specific period of time which includes revenues, expenses,…
Q: How to distinguish if the financial manager is effective or not?
A: Any organization, regardless of whether it's a humble community pastry kitchen or General Motors,…
Q: 2.1 Briefly describe the concept of SWOT analysis in general.
A: SWOT(Strength, weakness, opportunities, and threats) analysis gives insight into the external and…
Q: What are the useful planning tools and techniques that are being used in business organization?…
A: Planning is the process of forecasting what is to be achieved in the future and how it has to be…
Q: Why is estimating operation and implementation costs in budgeting important?
A: Budgeting - Budgeting is a method of making a plan for how you will spend your own money. A. Making…
Q: Why should every manager know how to do a SWOT analysis?
A: A SWOT analysis refers to the strengths, weakness, opportunities and threats which can help an…
Q: How would you encourage the Sales Department or Catering Department to improve? What data would you…
A: Below is the solution:-
Q: Among the four means of implementati (authority, persuasion, policy, feedback) discussed in Chapter…
A: The implementation phase: In the implementation phase the project plan is put into motion and the…
Q: What is the goal of SWOT analysis?
A: In the modern changing business market, SWOT analysis has proven to be a very important tool for…
Q: How can SWOT analysis be used in the planning process for a new company
A: SWOT analysis : This is a planning methodology which helps organisations to build strategic plans .…
Discuss one benefit and one challenge a manager might face if using Flexible budgeting
Step by step
Solved in 2 steps
- What are the common barriers that organizations face when trying to create and implement effective planning strategies?What standard problems do employee planning entail?Discuss the concept of budgeting as a key component of the planning process. How can budgets be used to control and monitor organizational performance?
- What are some common mistakes that organizations make during the planning process.How can an organization effectively manage and allocate resources in its long-term planning efforts?What are some of the most common challenges that organizations face when trying to develop and implement effective planning processes, and how can these challenges be overcome?
- Discuss the barriers to effective planning and also state the steps necessary to make planning effective.What are the key elements of an effective planning process, and how can they be implemented in an organization?Discuss the relationship between the two managerial functions of planning and controlling.