An Assessment on the Use of Budgeting as a Means of Managerial Control
Prepare an assessment on the use of budgeting as a means of managerial control. Using the same healthcare organization Yale New Haven Hospital- you selected for the previous assignment, address the following: Analyze the budgeting system(s) within this organization. Determine how the analysis process leads to successful managerial control. Identify and recommend control mechanisms that would also improve teamwork. Provide examples where possible to support your findings.
Support your paper with at least three scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.
Length: pages, not including title and reference pages
Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course by providing new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.
This assignment will be submitted to Turnitin
Answer preview………… Like any other organized institution, health facilities also require managerial control techniques since they are applied to support and coordinate activities and services being offered within the health facility. Therefore, budgeting is one of the means used in managerial control by different organizations and health facilities. Budgeting is important in organizations to enable the management achieve the set goals and objectives. Different departments in organizations and health facilities make budgets to assist them remain in line with the set organizational objectives through proper planning. The budgeting processes organizations apply are in two ways. That is the bottom-up approach or the top-down approach. These two approaches are applied differently. In the bottom-up approach, different departments set up their own objectives which are based on the known major organizational objectives. This is the kind of budgeting approach applied by Yale New Haven hospital used as the case study in this paper………..
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