Page 58 - APM Integrated Workbook STUDENT S18-J19

Chapter 3

Participation in budget setting

 More realistic budgets.
Imposed on budget holder by senior
managers.  Improved motivation.

 Improved divisional managers’
understanding.

 Frees up senior managers’
time.
 Avoids dysfunctional behaviour
and budgetary slack.

 Quick.

 Senior managers retain control.

 Senior managers understand Divisional managers set the budget.
needs of whole organisation.

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