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What points resonate with you regarding leadership and why? When it come to Budgets and Cost Control , Change as a Way of Life, Staff Development, Delegation and Empowerment, Spoken Communication, Written Communication

What points resonate with you regarding leadership and why? When it come to Budgets and Cost Control , Change as a Way of Life, Staff Development, Delegation and Empowerment, Spoken Communication, Written Communication

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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What points resonate with you regarding leadership and why? When it come to Budgets and Cost Control , Change as a Way of Life, Staff Development, Delegation and Empowerment, Spoken Communication, Written Communication
4:46 1/4 > B QAA Budgets and Cost Co ►Budgets and Their Functions Planning The preparation of a budget is part of the planning function. A budget is itself a plan, a financial plan for the conduct of business in the near future. A budget provides a financial map of coming activities. It also contains information vital to the potential determination of new charges and adjustments to various costs of doing business. Budget planning normally starts at executive levels and trickles down to first-line managers. It should coincide with the review of major policies and the 380/568 96 Cancel
Transcribed Image Text:4:46 1/4 > B QAA Budgets and Cost Co ►Budgets and Their Functions Planning The preparation of a budget is part of the planning function. A budget is itself a plan, a financial plan for the conduct of business in the near future. A budget provides a financial map of coming activities. It also contains information vital to the potential determination of new charges and adjustments to various costs of doing business. Budget planning normally starts at executive levels and trickles down to first-line managers. It should coincide with the review of major policies and the 380/568 96 Cancel
4:46 1/4 > QAA Budgets and Cost Co Controlling A tight budget brings out the best creative instincts. ... Put him under some financial pressure. He will scream in anguish. Then he'll come up with a plan that, to his own amazement, is not only less expensive, but is also faster and better than his original proposal. -Robert Townsend¹ The administration of a budget is part of the controlling function, and the budget itself is the most powerful tool 380/568 96 Cancel
Transcribed Image Text:4:46 1/4 > QAA Budgets and Cost Co Controlling A tight budget brings out the best creative instincts. ... Put him under some financial pressure. He will scream in anguish. Then he'll come up with a plan that, to his own amazement, is not only less expensive, but is also faster and better than his original proposal. -Robert Townsend¹ The administration of a budget is part of the controlling function, and the budget itself is the most powerful tool 380/568 96 Cancel
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