This paper aims at providing an overview of a collection of recent research papers to investigate how different types of budgets influence managerial behavior and performance and what implications these findings have for managerial practice. Also many employees would lose their jobs within the company, which could have a bad effect on the employee, for example; if the employee was unable to find a new job or was unable to afford their living, so in order to prevent this there needs to be a controlled budget.
IT is very important to know the company's earnings while deciding the budget of a particular firm. This could include refurbishment around and within the building of the business, for example if the building needed to be refurbished or needs to be a safer working environment for staff.
For example this training could include necessary training for when things change within the business. These are all things that a business needs in order to make a business successful and work effectively.
This will need to be controlled within the business budget as equipment can be expensive as the business will chose to buy the best equipment, as the business needed these in order to keep the business working in order and effectively.
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This also includes activity planning, activity sequencing and resource planning. The employee will also need to fit the criteria to fit the job required, as these are the tasks that the employee will need to be preformed within the job correctly on a daily bases. Whereas if the business controls its staff well then this could save the business money as they would not need to spend as much money on training of their staff and this will help to increase the business probability.