One of the behavioural issues that have been noticed within the case study is that of resistance from employees. It is a common observance within an organization to have employees refuses to work with the new system or processes. In some cases employees regard the new system as redundant or unnecessary altogether (Attwood, 1996). In such cases usually employees feel threatened by the new system and feel that it challenges their methods of working and makes them feel redundant. In the case provided it was observed that the supervisor of department D Janet was extremely unhappy after viewing the performance report. This behaviour shown by Janet shows that she felt threatened by the report and refused to accept the system altogether. In some cases employees tend to agree to the new budgeting system but ignore its implementation. Employees tend to assure executives of the organization that they would commit to the processes of the system but in reality tend to hold reservations about it, causing reluctance in the implementation of its implementation (Woldring, 2010). As seen in the case out of all the directors only one of the director was interested in its implementations whereas others were uncertain about it. This caused the directors to become uninterested in its effective implementation. Another behavioural issue that can be seen the company is confusion amongst the employees. While developing a budgeting plan it is vital to communicate with employees to investigate the factors that were involved in formation of the actual budget. Since communication between the executives of the company and the employees was not clear misunderstandings are created during the formation of performance reports (Poornima & Charantimath, 2011). This in turn causes employees to disown the report claiming that information provided in the report is baseless and has little or no significance when placed under practical circumstances. Furthermore, there was no training provided to the employees prior to implementing the new financial control system. Direct implementation of the new system caused a great deal of confusion amongst employees who were taken aback on receiving their department’s performance report. Changes to be introduced in the Existing Report System In order to ensure that the current budgeting system is more easily accepted by the company’s employees it is vital that the management removes uncertainty and insecurity that the company employees have regarding it. The first and foremost step that the company could take is to initiate a training program for its employees. The main aim of the training program should be to increase the knowledge and awareness of the employees regarding budgeting and comparative analysis. The training sessions must inform employees of the exact advantages that budgeting and comparative analysis would bring about to the company. The process of training must start with the top executives of the company. Obtaining the consent and backing of the top executives would help in the implementation process (Finkelstein et al., 2008). Moreover, knowing that all the organizational executives share the same vision convincing employees at the lower level makes it a lot easier. Once the company’s executives have been briefed it is then time to convince employees working at the lower level
Budgeting and Reporting Budgeting and Reporting Behavioural Issues that may emerge It is a common phenomenon for an organization to move towards implementing a systems and a set of processes that enable it to increase the overall productivity and improve the performance of the organization…
Corporate finance is a division which looks after the financial activities of an organisation. It is determined for maximising the shareholder’s value by means of short term or long term financial planning followed by the implementation of effective strategies.
The project is to design a training and development programme which will be conducted by a training and development institute that will cater to address and improve the inadequacies within the customer service departments. This report is a project plan that involves the description of all the aspects of this project and the intricacies associated with it.
PPP is an important notion in international economics for 3 major reasons.
Thanks to PPP we can have a particularly simple theory of exchange rate determinations i.e. we can conclude that as long as the relative price of two currencies is flexible, it will then adjust to equal the ratio of their price level.
This research focuses on this area and discusses various ways in which pain is managed most effectively over the elderly. Also, a brief idea of how the cost of elderly career affects the realm of healthcare is mentioned to give credence to the fact that incurred costs often play a role in the type of treatment that the elderly patients receive and in what they receive in the assessment and management of their pain.
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In a broad nutshell, both of these things are quite
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A change in the production methods and technology combined with the high rate by which new products are emerging; there have been changes in overhead costs. Nowadays there are additional overhead costs such as IT, quality control,
This assessment was very important to me as I was able to determine my strengths and weaknesses as a professional. The assessment was a reflection of how I also view myself in other areas apart from the workplace.
This survey looked at all the aspects that make
However, it is also worth noting that other organizations have usually little or no risk management capacity (Chew, 2008, para. 2), something which could affect their performance. Despite the fact that various risk management techniques
1 pages (250 words)Assignment
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