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Has zero-based budgeting gone out of fashion - Dissertation Example

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Has Zero-Based Budgeting Gone Out of Fashion? Amir Vafadoost Executive Summary In terms of managing “budget creep”, the zero-based budgeting has been one of the most researched and talked about budgeting system during the late 1970s. Based on the qualitative and quantitative research survey results, zero-based budgeting method has not totally gone out of fashion…
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Has zero-based budgeting gone out of fashion
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Download file to see previous pages Aside from allowing the organisational leaders to come up with a detailed information presented in each of the proposed budget plan, the use of zero-based budgeting is effective in terms of reducing bureaucratic ambiguity, inefficiencies, or duplication in budgeting. Likewise, the use of this method promotes communication among the budget decision makers. The use of zero-based budgeting method in the UK industries has lost its fame for the reasons that the use of this method is time-consuming, triggers the development of resistance-to-change, and is very costly. Even though zero-based budgeting is no longer applicable when managing the short-term budget in companies throughout the United Kingdom, the method of zero-based budgeting can still be used when making more important long-term busines investment. Table of Contents Executive Summary ………………………………………………….. 2 Table of Contents …………………………………………………….. 3 I. ...
9 II. Literature Review ……………………………………………… 11 a. Brief Overview with Regards to What Zero-Based Budgeting Is …………………………… 11 b. Stories behind the Success and Failure of Zero-Based Budgeting ……………………………… 14 c. Advantages and Disadvantages of Using the Zero-Based Budgeting ……………………………… 17 c.1 Advantages of Zero-Based Budgeting ….. 17 c.2 Disadvantages of Zero-Based Budgeting . 22 d. Comparison between the Advantages and Disadvantages of Zero-Based Budgeting and Activity-Based Budgeting …………………………… 24 III. Research Methodology ……………………………………… 30 a. Primary Research Method ……..………………….. 30 b. Research Survey Questionnaire Design …………. 33 c. Target Population, Sample Size, and Research Venue …………………………………….. 34 d. Research Evaluation Method ……………………… 35 e. Ethical Considerations when Conducting a Primary and Secondary Research Study ………… 36 IV. Research Findings and Analysis …………………..………. 38 V. Conclusion and Future Study Recommendations ……… 50 Appendix I – Quantitative and Qualitative Research Survey Questionnaire ............................................... 52 Appendix II – Quantitative Research Survey Results .................... 53 Appendix III – Summary of Demographic Data Results ………….. 54 Appendix IV – Qualitative Research Survey Results ..................... 55 References …………………………………………………………… 57 - 61 Chapter I – Introduction Zero-based budgeting has been one of the most researched and talked about ...Download file to see next pagesRead More
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