Budgets and Employee Morale, business and finance homework help

Anonymous
timer Asked: May 28th, 2016
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Question Description

Budgets play a critical role in management activities such as planning, controlling and motivating employees. Used effectively, budgets can help a company achieve its goals and create a productive work environment.  In contrast, budgets can also create a hostile work environment.  Watch this video about budgets and employee morale and then reflect upon your own work experiences.  Explain how budgeting was incorporated to achieve the company’s overall goals and objectives.  Reflect on whether or not the budgets were effectively applied and whether your experience was positive or negative.

video


Tutor Answer

henryprofessor
School: Boston College

Find attached the completed work.Looking forward to working with you again.Thank you.

Running head: BUDGETS AND EMPLOYEE MORALE

Budgets and Employee Morale
Name
Institution

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BUDGETS AND EMPLOYEE MORALE

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Budgets and Employee Morale
Budgeting is an important financial management activity that assists the business to plan
and control cost as well as motivate employees. Effective use of budget can help the organization
achieve it corporate objectives and foster an atmosphere of productivity. However, it can lead to
a hostile work environment, if not used properly. The video summarizes the negative effect of
budget on employee morale which leads to lower productivity. Budget is a financial plan that
contains the list of all the company’s projected revenue and expenditure. Depending on the
method adopted during the creation of the budget, it can either be effective in boosting employee...

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Anonymous
Thanks, good work

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