Project Materials

MARKETING UNDERGRADUATE PROJECT TOPICS

IMPACT OF BUDGETING AND BUDGETS ON MOTIVATION

Do You Have New or Fresh ic? Send Us Your Topic

IMPACT OF BUDGETING AND BUDGETS ON MOTIVATION AND UCTIVITY OF EMPLOYEES A STUDY OF SELECTED IN

 

CHAPTER ONE

INTRODUCTION

1.1 Background to the Study

No conscious firm exists without a mission and consequent goals and objectives. But without a budget, a business (for example, a bank) may wander aimlessly. It may not know where it is going or where it should go. This implies that the purpose of every budget is to facilitate the accomplishment of enterprise objectives.

Thus, a budget is defined as a plan quantified in monetary items, prepared and approved prior to a defined period of time, usually showing planned income to be generated and/or expenditure to be incurred during the period and the capital to be employed to attain a given objective (Lucey, ).

The act of preparing a budget is called budgeting (Garrison, 2011). Well organized and thought out budgetary system can bring positive and significant benefits which include planning, coordinating activities, implementing plans, communicating, authorizing actions, motivating, controlling and evaluating performance (Horngren and Foster, 2013). But these benefits do not automatically arise from the budgeting process and ; they have to be worked for (Lucey, 2008).

Two value systems are identified with the motivating function of budgeting. These are presented in two sets of organizational behavior namely:

Traditional views of organizational behavior founded on traditional behavioral assumptions and Modern views of organizational behavior based on modern behavioral assumptions. Invariably, traditional views are based on traditional theories whereas modern views are associated with the modern theories of human motivation (Louderback and Hirsch, 2007).

A close look at all the theories of human motivation reveals a common driving principle. Thus, motivation is the desire for a selected goal combined with the resulting drive or pursuit toward that goal (Horngren and Foster, 2013). do what they are rewarded for doing (Cascio, 2003).

McGregor has argued that the traditional theories of management focus almost exclusively on lower-level needs. are expected to satisfy their higher-level needs away from work. It is a little wonder, he comments, that managers complain that they pay their workers well and provide good job security, but suffer poor productivity (Louderback and Hirsch, 2007).

Generally, modern motivational theories are in support of the fact that participatory management improves productivity (Cascio, 2002). Such theories that speak to the budgeting question are “Need Hierarchy Theory” and “Expectancy Theory” (Louderback and Hirsch, 2007). Indeed there is a widespread belief and belief is the appropriate term that the participation of subordinates in setting their is a panacea:

a cure for all the many ills which have been associated with traditional system (Hopwood, 1996). Participatory budgeting has been found to be a motivating factor (Lucey, ). Thus, the true success of budgeting process and depend on their acceptance by all company (bank) members affected by the budget.

Based on the above facts, two distinctive are identified:

Autocratic founded on the traditional assumptions (or theories).Participatory based on modern behavioural assumptions (or theories) (Horngren and Foster, 2013).

Whichever approach is used, budgeting and influence the morale, motivation and productivity of all employees regardless of the position. This is because budgeting is a much wider term than mere technique and procedure (Hopwood, 1996).

The economic depression and inflation trend in our country; the falling standard of employees’ morale, motivation and productivity and the corruption trend in the society have raised concern.

In consideration of the above background and most specifically, the menace of failed banks in the late 20th and early 21st century, the falling standard of employees’ morale, motivation and productivity in Nigerian banks, the rate of corruption in the society and the inflation trend in the country, the researcher reached a decision to study the impact of Budgeting and Budgets on Motivation and Productivity of Bank Employees. Some banks in Akwa Ibom State were selected for the study.

 

Do You Have New or Fresh ic? Send Us Your Topic 

 

 

 

IMPACT OF BUDGETING AND BUDGETS ON MOTIVATION AND UCTIVITY OF EMPLOYEES A STUDY OF SELECTED IN

Not What You Were Looking For? Send Us Your Topic

INSTRUCTIONS AFTER PAYMENT

After making payment, kindly send the following:
  • 1.Your Full name
  • 2. Your Active Email Address
  • 3. Your Number
  • 4. Amount Paid
  • 5. Project ic
  • 6. Location you made payment from

» Send the above details to our email; contact@premiumresearchers.com or to our support phone number; (+234) 0813 2546 417 . As soon as details are sent and payment is confirmed, your project will be delivered to you within minutes.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Advertisements