Help managers appreciate the importance of budgets to business activity and to give guidance on building up and controlling a budget.
The owner of a small manufacturing business finds himself in a typical predicament: sales are up 50 per cent on the previous year but profits are down.
His more knowledgeable friend is able to explain that the increase and the extra expenditure it incurred were not previewed in the original budget - indeed, the budget appears to have been ignored altogether. He explains where the owner went wrong and why his working goals cannot be separated from financial realities.
Key Learning Points:
- what a budget is
- why a budget works
- how it is put together
A Video Arts production featuring John Cleese and John Bird.
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