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Q: Why managers reluctant to participate fully in setting budgets?
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Continue Learning about Management

What is the importance of leading to management?

Management is about getting from where you are to where you want to go. Leadership is about setting a vision for where you want to go and communicating that to the managers who will get you there.


Major skills and functions of managers?

* For an organizations, managers are important, they fulfill many roles and they have different responsibilities. * Manager task of making decision, solving difficult problems, setting goals, planning, strategies and rallying individuals.


What is the difference between sales manager and regional sales manager?

A sales manager is person who is responsible for leading and guiding a team of sales people in an organization. They set sales goals, build a sales plan, analyze data, assign sales training and sales territories, mentor the members of sales team and are involved in the hiring and firing process. Sales managers responsibilities vary with the size of the organization they work for. However, most sales managers direct distribution of goods and services by assigning sales territories, setting sales goals and accomplishing training programs for the sales representatives. Sales managers work closely with managers from other departments of the organization. What does a Sales Manager do? Oversee regional and local sales managers and their staffs Resolve customer complaints regarding sales and service Prepare budgets and approve budget expenditures Monitor customer preferences to determine the focus of sales efforts Analyze sales statistics Project sales and determine the profitability of products and services Determine discount rates or special pricing plans Plan and coordinate training programs for sales staff A regional sales manager is a person who harmonizes and administers the transaction of a company's goods and services transversely a specified physical region. He or she may be responsible for judgment of new clients or buyers in vicinity, distributing promotional items and advertisements, managing a group of sales representatives and performing specialized customer service. A successful sales manager must have tremendous communication and problem-solving skills, comprehend the cost-effective principles of contribute and stipulate and be competent of making important decisions.


What is the purpose of a manager?

The purpose of a manager is to oversee and coordinate the work of a group of people in order to achieve the goals and objectives of an organization. A manager is responsible for setting goals and targets for their team, as well as developing strategies and plans to achieve those goals. They also play a key role in monitoring the progress of their team and providing guidance and support to help team members achieve their targets. Additionally, managers are responsible for managing budgets, resources, and other aspects of their teams' operations. In general, the purpose of a manager is to ensure that an organization is running smoothly and efficiently and that its team members are working together effectively to achieve their goals.


How do you explain why managers plan?

The old axiom that 'If you fail to plan, you plan to fail' probably explains the principle behind the need for planning. Just as setting out on a journey with a route map and a list of possible diversions should problems arise will usually ensure you arrive at your destination on time. Setting off without a map in the hope that it will all work out somehow is fraught with dangers. Planning also helps managers get their team involved by the use of delegation to allocate certain activities to specific people or departments. Regular feedback on progress and any problems helps to keep the plan on track. If the plan works, you have a blueprint for future campaigns. If it fails, the answers will be in the plan somewhere so you can find them and make sure you learn from mistakes made.

Related questions

What is pseudo participation in bugeting?

Pseudo participation in budgeting refers to a situation where employees are asked to give input or feedback on the budgeting process, but their input is not genuinely considered or valued by management. This approach can lead to disengagement and lack of ownership among employees, ultimately undermining the effectiveness of the budgeting process.


What are the duties of construction managers?

One of the duties of a construction manager is to develop a strategy for construction. Construction managers also have the duty of setting up timetables for construction, as well as budgets and estimates for the client. Perhaps most importantly, construction managers also have the duty of making sure all of the construction work going on is in compliance with building codes.


How does management use an operating budget How do they use an activity based budget What are the similarities and differences between these types of budgets?

The key to a successful financial reporting system is an operating budget in order to compare your actual operating results. Managers use the operating budget for planning in setting goals and developing strategies to achieve those goals. Budget will demonstrate how resources will be developed to implement strategy. Managers use the operating budget for strategy, long-run planning strategic plans, long-run budgets, short-turn planning operating plans, and short-run budgets. The operating budget will aid management for a specific period and [b] an aid to coordinating that needs to be done to implement that plan.


How would you describe an operating budget?

An operating budget outlines the expected revenues and expenses for a specific period, usually annually. It helps businesses plan and control their financial resources effectively by setting targets and guiding financial decisions. It typically includes details on sales projections, production costs, operating expenses, and profitability goals.


Do campaign managers ever work for politicians?

"Campaign managers work very hard for politicians. They are responsible for setting up meetings, helping with writing speeches, and staying informed about the candidates place in the election."


What is the importance of leading to management?

Management is about getting from where you are to where you want to go. Leadership is about setting a vision for where you want to go and communicating that to the managers who will get you there.


What are the four main purposes in organizational goal setting?

Corporate culture, allocate Resources, setting provides direction and guidance for manages at all levels, and give managers ways to assess performances


Major skills and functions of managers?

* For an organizations, managers are important, they fulfill many roles and they have different responsibilities. * Manager task of making decision, solving difficult problems, setting goals, planning, strategies and rallying individuals.


The third goal-setting is to establish a support system what is one way you can do this?

Invite friends or family to participate in physical activities with you


The third goal-setting step is to establish a support system. what is the way you can do this?

Invite friends or family to participate in physical activities with you


Describe the extent of your responsibility in setting strategic direction?

Executive managers play a major role in setting the strategic direction of the organization. Based on their functional areas, they are able to move the company ahead of competitors.


The third goal-setting step is to establish a support system. What is one way you can do this?

Invite friends or family to participate in physical activities with you