How Budgeting can Improve the Executive Management Essay

Exclusively available on Available only on IvyPanda® Written by Human No AI

Disagreements between executives and administrators

In politics, there is a lot of tension because of the disagreements between executives and administrators on the implementation of policy. Executives feel they have the right to interfere with the policy implementation because they are above the administrators but the administrators believe that this is their place of specialization and they have the right to do their work without interference and this brings about conflict and tension between them. Democracy is defined by the content of its populist. When a new president is taking over, he takes over the directors and the site of the outgoing legacy and this may bring tension. Sometimes the executives believe that they can’t have a government that is controlled by an imperial congress and an imperial judiciary which is committed primarily to including government in subjects that are not well understood and difficulties that it cannot solve.

The executives may flay other government branches in the argument that they are not as accountable to an imperial congress as they are accountable to the electorate and their term is limited. Political difference is a major problem that brings the tension between executives and the administrators because some executives have an element of dictatorship that the administrators don’t agree with. Another tension is brought about by the delegation of duties from the executives to the administrators. The administrators may argue that they have too much workload they have to accomplish and yet the top authorities are delegating more work to them and they have to forward it in time and they end up jeopardizing their duties. The administrators may also feel that some of the executives are not as educated as they are and they have no right to direct them in the way and they end up conflicting. Finally, the executives always feel they are in control and they also feel administrators are obligated to obey them and this brings one of the major tensions between them. Hence it is the duty of both the executives and administrators to work hard in hard in policy implementation for the sake of benefiting the country.

Meaning of budgeting to executive management

A budget is an estimate of expenditure and income in the future or the plan of money. Budgeting can help in the executive management by helping the executives in controlling and organizing the financial resources and they can also be able to know and set the goals and make early decisions on how money can be distributed to different departments. The main importance of budgeting is to save money for the expenses that the management is aware of and the expenses that the management is not aware of. The management can plan and it can be able to improve the activities coordination within the government. Budgeting is a device for improving executive management because it helps the executives to be aware of what is going on or the amount of money they have and how it should be allocated in different fields.

As George Eliot quoted that “knowledge is power” hence once the executives know how much money they have they can be able to control it. Budget can also help the executive management to take control of its finances. It can help the executive management in the organization of receipts, bills, and financial statements that is providing the management with monetary transactions records. It can help the executive management after taking full control in exploiting the available opportunities that it might not have been able to get hold of. It can improve the relationship between different members because they come together to discuss how the finance should be spent. Since financial matters are mainly planned for questions of the creditors, for tax time, or any complaint which may be raised on how and when the money was utilized then with such statements the executives can save time going through very old records. Finally, the executive management can have a chance to be able to save money and cut out all the extra expenditures like buying expensive vehicles for the executives.

References

Irving Louis Horowitz, tension between opposites: Reflections on the practice and theory of politics – book reviews, 1995.

Mark J. Randall, Certified Financial Planner, 2008.

More related papers Related Essay Examples
Cite This paper
You're welcome to use this sample in your assignment. Be sure to cite it correctly

Reference

IvyPanda. (2021, October 5). How Budgeting can Improve the Executive Management. https://ivypanda.com/essays/how-budgeting-can-improve-the-executive-management/

Work Cited

"How Budgeting can Improve the Executive Management." IvyPanda, 5 Oct. 2021, ivypanda.com/essays/how-budgeting-can-improve-the-executive-management/.

References

IvyPanda. (2021) 'How Budgeting can Improve the Executive Management'. 5 October.

References

IvyPanda. 2021. "How Budgeting can Improve the Executive Management." October 5, 2021. https://ivypanda.com/essays/how-budgeting-can-improve-the-executive-management/.

1. IvyPanda. "How Budgeting can Improve the Executive Management." October 5, 2021. https://ivypanda.com/essays/how-budgeting-can-improve-the-executive-management/.


Bibliography


IvyPanda. "How Budgeting can Improve the Executive Management." October 5, 2021. https://ivypanda.com/essays/how-budgeting-can-improve-the-executive-management/.

If, for any reason, you believe that this content should not be published on our website, please request its removal.
Updated:
This academic paper example has been carefully picked, checked and refined by our editorial team.
No AI was involved: only quilified experts contributed.
You are free to use it for the following purposes:
  • To find inspiration for your paper and overcome writer’s block
  • As a source of information (ensure proper referencing)
  • As a template for you assignment
1 / 1