BUDGETARY CONTROLS: IMPACT ON ORGANIZATIONAL PERFORMANCE. -SIDDHIKA MAHESH KOLI   ASSESSMENT OF BUDGETING AND BUDGETARY CONTROLS: Mamorena Lucia Matsoso (2021) states that, An assessment of budgeting and budgetary controls among small and medium-sized enterprises: evidence from a developing economy. Budgeting serves different roles in contemporary organization’s enumerates these roles to include planning annual operations, coordinating the organization’s activities, communicating plans, motivating managers, controlling activities and evaluating managers’… Continue reading Budgetary Controls: impact on Organizational performance.

Conclusion: Risk management is intentionally proactive, not reactive. It can be as simple as one crew member mentioning that a coworker needs to wear her safety glasses, or it may involve something as complex as a full asset allocation modeling of all of your organization’s capital assets. Risk management practices can even be applied to events as broad and far-reaching as the loss of a major employer in the community. Different situations and events can simultaneously result in both good and bad consequences. Each consequence may require a different risk management strategy. As an example, let’s say that a new 300-home subdivision is planned for your community. On the positive side, an event like this will likely be welcomed as it will mean more tax revenues, increased population to support local business, and vitality for the community. On the negative side, however, it may also result in increased traffic and added demands on law enforcement and fire services, and it may upset neighbors who are averse to change. Each issue will require a separate risk management strategy.