Budgeting systems as management tool for European small and medium sized businesses

Élaboration , 2011 , 37 Pages

Gestion d'entreprise - Investissement et Financement

Nowadays’ enterprises are subject to continual change; internal and external changes hitting the enterprise require a large amount of flexibility to be able to keep their market position in the long run. Past experience has shown that especially small and medium sized businesses had not prepared themselves well enough for the turbulent and discontinuous environmental changes. Looking at globalization and the present economical recession, the pressure on small and medium sized businesses rises continually.
In the Federal Republic of Germany, the entirety of medium sized businesses play a vital role with respect to macroeconomics. The few empirical examinations on the status quo concerning the application of business-management methods, in particular application of planning systems in small and medium sized businesses make it clear that systematic planning and application of business-management methods in those enterprises is insufficient. In particular enterprises with a turnover of up to 10 m. Euro have shown considerable deficits regarding the application of business-management methods used for running an enterprise.

Inhaltsverzeichnis (Table of Contents)

• 1. Introduction
• 2. Business management in medium sized businesses
  • 2.1. Business management: The term
  • 2.2. The medium sized business
• 3. Budgeting systems as a management tool
  • 3.1. Construction of a management system
  • 3.2. Basics of budgeting
  • 3.3 Construction and organization of budgeting systems
• 4. Functional areas of business management of medium sized businesses
  • 4.1. The area of procurement
  • 4.2. The area of production
  • 4.3. The area of outlet (turnover)
• 5. Conception of a budgeting system for medium sized businesses
• 6. Summary

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This paper aims to provide insights into the construction of effective budgeting systems for medium-sized businesses. It examines existing theoretical frameworks and proposes a practical solution for controlling organizational areas within such businesses. The paper focuses on the development of a budgeting system that can be used by medium-sized enterprises, considering potential weaknesses and suggesting improvements.

• Importance of budgeting for business management
• Development of effective budgeting systems for medium-sized businesses
• Analysis of functional areas within business management
• Conceptual design of a budgeting system
• Comparison of budgeting systems in large and medium-sized businesses

Zusammenfassung der Kapitel (Chapter Summaries)

• Chapter 1: Introduction: This chapter sets the context by highlighting the challenges faced by modern businesses, particularly small and medium-sized enterprises (SMEs), in a rapidly changing environment. It emphasizes the importance of planning and business management tools, specifically budgeting, for the survival and growth of SMEs. The chapter concludes by outlining the paper's goals and approach to developing practical budgeting solutions for SMEs.
• Chapter 2: Business management in medium sized businesses: This chapter explores the definition and scope of business management, examining different theoretical perspectives. It highlights the particular challenges and opportunities faced by medium-sized businesses in implementing effective management practices. The chapter delves into the core components of "company" and "management" as defined by business economics.
• Chapter 3: Budgeting systems as a management tool: This chapter provides a detailed overview of budgeting systems, including their construction, basic principles, and organizational considerations. It discusses the role of budgeting in achieving financial and success-oriented business management. The chapter explores different approaches to developing and implementing budgeting systems within a management framework.
• Chapter 4: Functional areas of business management of medium sized businesses: This chapter examines the specific functional areas of business management relevant to medium-sized businesses. It analyzes the procurement, production, and outlet (turnover) areas, highlighting the unique challenges and opportunities within each area. The chapter discusses how budgeting can be applied to effectively manage these functional areas.
• Chapter 5: Conception of a budgeting system for medium sized businesses: This chapter focuses on the conceptual design of a budgeting system specifically tailored for medium-sized businesses. It outlines the practical implementation of budgeting, including partial company budgeting systems such as sales budgets, production budgets, and financial budgets. The chapter explores the structural interdependencies of different budgeting components within the overall system.

Schlüsselwörter (Keywords)

This paper focuses on budgeting systems as a crucial tool for successful business management within medium-sized enterprises. Key themes include conceptual design, practical implementation, organizational areas, financial control, and success-oriented management. The paper aims to provide a comprehensive understanding of budgeting practices and its impact on the overall business performance of SMEs.

• Auteurs: Otto Stammermann (Auteur), Günter Lübke (Auteur)
• Année de publication: 2011
• Pages: 37
• N° de catalogue: V289193
• ISBN (ebook): 9783656898054
• ISBN (Livre): 9783656898061
• Langue: anglais
• mots-clé: budgeting, european