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Behavioural Aspects of Budgeting - Essay Example

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Furthermore, this paper discusses the behavioural aspects of budgeting and their impact on employee and the said company’s performance. According to Innes…
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Behavioural Aspects of Budgeting
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Behavioural Aspects of Budgeting

Download file to see previous pages... However, before anything else, it is a good idea to understand something about the chosen company.
The Southeast Asia (S.E.A.) Olympus Marketing Incorporated is one of the affiliates of S.E.A. Olympus Group of Companies, which was founded in the Philippines in 1983. The other affiliates are SPARKO, distributor of imported surface coatings and SCADE Industrial Corporation, a manufacturing plant of stainless water tanks such as storage water tanks and hydro pneumatic pressure tanks. The S.E.A. Olympus Marketing Incorporated is both a trading and manufacturing company which operates nationwide in the Philippines. It has branches in the three major islands of the Philippines. The S.E.A. Olympus Marketing Incorporated is responsible for the distribution of products produced by other affiliates. Originally, the company was a distributor of composite materials such as resin and fiber glass to the fishing and fashion industries.
Today, the S.E.A. Olympus Marketing Incorporated is having a link with its main suppliers in Singapore, Taiwan and China. This year, it is planning to expand in the entire country and later in the Southeast regions in Asia. As of the moment, it has sub-business units (SBU) in the major cities in the Philippines as part of its strategic positioning. This year, its goal is to expand, but part of it is to carefully manage its finances.
At the national level, the S.E.A. Olympus Incorporated might appear to have a very complicated organizational working structure of working departments. For the purpose of looking at the micro level of the organization’s activity, this paper examines the working business units in the country. S.E.A. Olympus Marketing Incorporated is composed of sub-business units working together for one goal. Each of this sub-business unit is composed of general support group and frontline group. The general support group is composed of the Accounting ...Download file to see next pagesRead More
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This is, till now, considered to be the roadmap for the future development of a business. It clearly states about business’s objectives, business finances and its forecasts, and business’s share in the market (Wildavsky, 1996). Budgeting is a tool which can measure the success of the business, its rate of growth and possibilities of further future development.
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