Budget Estimates, business and finance homework help

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Assignment:

Now that you've selected the goal you want to accomplish in your strategic management plan, it's time to start budgeting out the costs that will be involved with its implementation. This assignment will require you to create an operating budget that takes into account the strategies and choices you've already made in previous sections of the course project. It's important that you carefully consider exactly what you'll have to spend money on in order to successfully complete your goal. The numbers will be very general estimates, but you'll need to show the ability to accurately identify the major costs. The categories and subcategories for the budget should cover most if not all of the new expenses that will be present. This assignment should be at least two pages in length and complete the following:

Goal Choice

  • Clearly identify your chosen goal in an introductory paragraph.

The chosen goal:

  • Increase employee retention

Zappos.com has had a negative PR due to the radical change of management styles that resulted in the turnover of 14% of the employees of the company. Zappos.com should ensure that before making it implements changes, it should ensure that it involves its employees so as to limit resistance. It should also ensure that instead of making radical changes, it should ensure that changes are made in phases so as to effectively evaluate their effectiveness (Pontefract, 2015).

Operating Budget

  • Create an operating budget for your goal.
    • The budget should include common categories and subcategories such as general operations, HR, marketing, miscellaneous expenses, etc.
    • Include all major expenses required for the goal. Common expenses include salaries, marketing channels, and inventory.
    • Connect the costs/categories that you're considering to your already created marketing, management, and HR strategies discussed in earlier portions of the project.

Capital Budget

  • Identify two long-term assets from the capital budget that will play a role in the completion of your goal. These can be new purchases or existing assets.
    • Briefly explain the impact that each will have.

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Explanation & Answer

Please find attached. Thank you.

Outline
I.

Introduction

II.

Conclusion

III.

References


Running Head: BUDGETING

1

Budgeting
Name
Professor
Institution
Course
Date

BUDGETING

2
Budgeting

Organizational activities should be taken into consideration with keen and the
management should ensure that employees are retained. Increasing employee retention is a vital
activity that organizations and the management should ensure that all the workers feel
comfortable and attached to organizational activities. Zappos has to ensure that employees find it
important to remain in the organization and make use of their skills in achieving the
organizational goals (Weikart, Chen, & Sermier, 2013). However, change in management styles
affects employees in a great way so that at times they feel in the wrong place a reason why the
rate of turnover is high. However, the implementation of the changes in the organization will
require the company to make two budgets that will cater ...


Anonymous
I was having a hard time with this subject, and this was a great help.

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