How a company-specific crisis affects budgeting
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School of Business |
Bachelor's thesis
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Date
2023
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Mcode
Degree programme
Laskentatoimi
Language
en
Pages
20+1
Series
Abstract
This thesis examines the ways company-specific crisis affects budgeting and tensions the possible change may cause. The purpose of this study is to com-pare the theory based on budgeting in a crisis to the effects of a company-specific crisis on budgeting in the case of Company A. The thesis is conducted using existing literature and the arranged interviews with the current CEO and Senior Controller of Company A. When it comes to tightening of budgetary controls and tensions caused by the changes the findings of this study are mostly in line with the previous litera-ture. However, this study finds that the company-specific crisis caused an in-crease in the importance of budgeting in the role of performance evaluation and highlights the possibility of bottom-up budgeting as a way of reducing ten-sions between top management and employees.Description
Thesis advisor
Vaivio, JuhaniKeywords
company-specific crisis, budgeting, attention, bottom-up budgeting