Posted: September 14th, 2017
planning-based systems fail
Critically discuss the effectiveness of budgetary control in unpredictable and dynamic environments. Your discussion should highlight potential solutions that might be deployed where planning-based systems fail.
Project description
Seal et al (2012: p438) argue “Formal budgeting processes can be quite slow.
In a volatile business environment budgets can become out of date and need
rapid updating”.
Critically discuss the effectiveness of budgetary control in unpredictable and
dynamic environments. Your discussion should highlight potential solutions that
might be deployed where planning-based systems fail.
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