Excerpt from Budgetary Control
Although much has been written Of budgetary control as applied to particular phases Of a business, this is the first attempt, so far as the author is aware, to present the sub ject as a whole, and cover the entire budgetary program. It is to be regarded as an effort to state clearly the problems involved, rather than to Offer full solutions. It is hoped that the discussion will stimulate thought, and constructive criticism will be gladly received.
One obvious difficulty has been the problem of what to include and what to omit. The budgetary procedure in volves administrative policies on the one hand, and admin istrative routine on the other. The discussion might easily cover the whole field of business administration, ranging over a wide variety Of topics about which no one individual can be expected to have expert knowledge. In the present work, however, the reader is addressed throughout, not as a technical expert, but rather as a student of the broad prob lem of administration. The advertising man, for example, may be aided in handling his own problems through under standing the method Of applying budgetary control to the operations of all other departments of the business, as ex plained in the other chapters Of the book. SO with the other departmental executives; it is hoped that each of them will be helped by a comprehensive picture of the problem as a whole. The discussion has been kept sufficiently elemen tary, it is believed, to be easily understandable by those who are not experts on the technical subjects discussed.
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Paperback. Condition: New. Print on Demand. This book delves into the burgeoning field of budgetary control, a practice that was then primarily associated with government entities, but which the author argues is equally applicable to the private business sector. This insightful work seeks to demystify the process and highlight its potential to streamline operations and enhance profitability. The author outlines a comprehensive, step-by-step approach to implementing and managing a budgetary system, addressing crucial questions like the optimal length of the budget period and the distribution of responsibility for estimates and reports. He emphasizes the critical role of cooperation and communication among executives and employees to ensure the success of any budgetary program. Throughout the text, the author reveals the complexities of coordinating the various functions of a business ââ â sales, production, finance, personnel, and record-keeping ââ â to achieve a unified and efficient administrative structure. By illustrating the interdependence of these departments, he underscores the importance of a holistic approach to planning and budgeting, thereby maximizing resource allocation and mitigating potential losses. This book offers a compelling argument for the adoption of formalized budgetary practices, showcasing its potential to bring order to complex organizational structures and optimize the performance of individual businesses. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330389713_0
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