Shortcomings in the budget performance

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Reference no: EM133091823

The owners are aware of the shortcomings in the budget performance. They have now asked you to undertake appropriate research to investigate new approaches to budget management.

Prepare a comprehensive report outlining the following:

-Propose new approaches to budget management, such as:

-Reducing costs

-Reducing staff or changing rosters

-Reviewing operating procedures

-Define and communicate the benefits and at least one disadvantage of each new approach

-Take account of impacts on customer service levels and colleagues in developing new approaches.

-Explain the importance of monitoring budgets and why you think it will help to manage finances better for the business.

-Present clear and logical recommendations for budget management.Please upload your submissions as per the Task.

Reference no: EM133091823

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