Zero Base Budgeting Using the Balanced Scorecard

Business & Finance, Accounting, Financial
Cover of the book Zero Base Budgeting Using the Balanced Scorecard by Roland Holl, Stefan Böhm, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Roland Holl, Stefan Böhm ISBN: 9783638391290
Publisher: GRIN Publishing Publication: June 28, 2005
Imprint: GRIN Publishing Language: English
Author: Roland Holl, Stefan Böhm
ISBN: 9783638391290
Publisher: GRIN Publishing
Publication: June 28, 2005
Imprint: GRIN Publishing
Language: English

Seminar paper from the year 2005 in the subject Business economics - Controlling, grade: 2,3, European University Viadrina Frankfurt (Oder), 26 entries in the bibliography, language: English, abstract: The Planning Process itself is often defined differently across companies. One company might think of it as encompassing everything from strategy development to operational planning and quarterly forecasting, to management reporting and performance scorecards. For another company, it might be nothing more than developing departmental budgets once a year. The real purpose of planning (which companies can easily lose sight of) is to improve decision making. But not only decision making is of interest, there are other questions that need to be answered, for example how to handle overhead costs, create more efficiency and effectiveness in the company, through an optimized communication process. In this term paper, two completely different procedures, namely Zero base budgeting and the Balanced Scorecard are analyzed. The first two chapters deal with the attributes of BSC and ZBB. A typical course of actions for both procedures is illustrated and analyzed. Subsequently advantages and disadvantages of both operations are elaborated and a conclusion is drawn. Zero base budgeting is a bottom-up process, which means it starts at bottom and ends at the top(-management). The Balance Scorecard is top-down procedure, which is exact the opposite. At first view, therefore a combination of BSC and ZBB appears to be logical and perfect matching. The schedule of this construct, where ZBB is combined with the BSC, is performed in chapter four. Both ZBB and BSC feature lacks, because every single procedure of the two focuses on a specific assignment and neglects other important aspects. The question is, can the lacks of ZBB and BSC compensate each other, so that finally a procedure is generated, which unites the positive attributes of both processes. In order to analyze and judge the construct of 'ZBB using the BSC', different criteria are defined in chapter five, and the construct is being judge by these criteria, which represent attributes, a successful strategic, tactical and operational planning system should fulfil. In the end, a final conclusion is drawn, if it is possible to unite ZBB and BSC and to generate a procedure, whose benefits generally considered lies above its costs.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2005 in the subject Business economics - Controlling, grade: 2,3, European University Viadrina Frankfurt (Oder), 26 entries in the bibliography, language: English, abstract: The Planning Process itself is often defined differently across companies. One company might think of it as encompassing everything from strategy development to operational planning and quarterly forecasting, to management reporting and performance scorecards. For another company, it might be nothing more than developing departmental budgets once a year. The real purpose of planning (which companies can easily lose sight of) is to improve decision making. But not only decision making is of interest, there are other questions that need to be answered, for example how to handle overhead costs, create more efficiency and effectiveness in the company, through an optimized communication process. In this term paper, two completely different procedures, namely Zero base budgeting and the Balanced Scorecard are analyzed. The first two chapters deal with the attributes of BSC and ZBB. A typical course of actions for both procedures is illustrated and analyzed. Subsequently advantages and disadvantages of both operations are elaborated and a conclusion is drawn. Zero base budgeting is a bottom-up process, which means it starts at bottom and ends at the top(-management). The Balance Scorecard is top-down procedure, which is exact the opposite. At first view, therefore a combination of BSC and ZBB appears to be logical and perfect matching. The schedule of this construct, where ZBB is combined with the BSC, is performed in chapter four. Both ZBB and BSC feature lacks, because every single procedure of the two focuses on a specific assignment and neglects other important aspects. The question is, can the lacks of ZBB and BSC compensate each other, so that finally a procedure is generated, which unites the positive attributes of both processes. In order to analyze and judge the construct of 'ZBB using the BSC', different criteria are defined in chapter five, and the construct is being judge by these criteria, which represent attributes, a successful strategic, tactical and operational planning system should fulfil. In the end, a final conclusion is drawn, if it is possible to unite ZBB and BSC and to generate a procedure, whose benefits generally considered lies above its costs.

More books from GRIN Publishing

Cover of the book Authenticity and new media in foreign language teaching by Roland Holl, Stefan Böhm
Cover of the book Language and Age: Changes in linguistic behavior - the transition from childhood to adolescence by Roland Holl, Stefan Böhm
Cover of the book The impact of the global downturn on the car manufacturing industry by Roland Holl, Stefan Böhm
Cover of the book A Summary of Intercultural Instruments Highlighting the Achievement of Total Intercultural Synergy by Roland Holl, Stefan Böhm
Cover of the book Attitudes towards Glasgow speech by Roland Holl, Stefan Böhm
Cover of the book The influence of gender and ethnic origin on students' willingness to pay for music and their motivation to pirate by Roland Holl, Stefan Böhm
Cover of the book 'Rio Bravo' - The antidote to 'High Noon'? by Roland Holl, Stefan Böhm
Cover of the book The problems of international auditing harmonisation by Roland Holl, Stefan Böhm
Cover of the book The Commerzbank Headquarters by Norman Foster by Roland Holl, Stefan Böhm
Cover of the book How useful is a Study of the popular printed word in helping the historian understand popular culture in general? by Roland Holl, Stefan Böhm
Cover of the book Guideline to increase efficiency of E-Mail communication within projects by Roland Holl, Stefan Böhm
Cover of the book Corporate Governance in Arab Countries by Roland Holl, Stefan Böhm
Cover of the book International Transfer of Knowledge in Multinational Enterprises. The Role of International Human Resource Management in Transferring Tacit Knowledge Across Borders by Roland Holl, Stefan Böhm
Cover of the book What was the Harlem Renaissance? What effect did it have on American Culture? by Roland Holl, Stefan Böhm
Cover of the book A chapter review of 'Psychosomatic Persons and Reclothed Skeletons: Images of Resurrection in Spiritual Writing and Iconography' by Roland Holl, Stefan Böhm
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy