(Drury) The Budgeting Process - Stages in the budgeting process - Negotiation of budgets
3 important questions on (Drury) The Budgeting Process - Stages in the budgeting process - Negotiation of budgets
How are budgets participative?
At each stage the budgets will be negotiated between the budgetees and their superiors, and eventually be agreed on by both parties.
Why is it important for budgetees to participate?
Otherwise it is unlikely that the subordinate will be motivated to achieve a budget that he or she did not accept.
What needs to be taken into account during negotiations?
1. The budget should not be to easily attainable
2. The budget should also not be too difficult
2. The budget should also not be too difficult
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