Reference no: EM133684871

Homework: Preparing for a Rainy Day- It is Raining

For this homework, you are to prepare a paper that serves primarily as an organized outline for the preparation of the conversation you plan to have with your CEO. Your CEO has requested a meeting with you with some degree of urgency. Here is the issue.

I. Budget fluctuation: As a budget manager, your system has experienced a significant budget fluctuation. For this homework, you are welcome to define that fluctuation in any way that you would like. You have read in this learning module about budget fluctuations and you have identified earlier in this course a specific organizational context in which you are working. You will define the budget fluctuation in preparation for this meeting in this homework.

II. Enrollment fluctuation: Unfortunately, as of late, the university has done a very poor job overall of forecasting enrollment. Numbers have gone up and down without any conceivable explanation. Sadly, when things have gone well and enrollment has risen, there has been very little predictive capacity. Similarly, when enrollments have dropped, no one seems to have a thoughtful explanation.

III. It is raining... now what?: Simply put, for this homework you are planning on sitting down with our CEO and responding to these issues. This has been an unanticipated fluctuation that has everyone in the organization up in arms. Your first goal is going to be to make sure that your CEO can put these fluctuations in the appropriate context and likewise has faith in you as a budget manager to deal with it. To that end, you are to write a paper which will once again serve as an outline in preparation for this conversation.

Your work should come in the form of a formal APA paper and come in the following components.

I. Component I: Introduction: In this introduction, you will provide an overview of the role of budget fluctuation in businesses today. How common is it? Is this something we should be prepared for?

II. Component II: Define the fluctuations: Once again, you were afforded some poetic license here in describing the fluctuations and articulating how they relates to the business that you are in. You are welcome to get creative here but make sure that indeed your reflections are directly related to the case study you have created and what you have learned in this chapter and through other ancillary readings.

III. Component III: Your suggested response: What is your suggested response here? What do you suggest that the organization do in relationship to this change? What steps should be taken next?