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How a company-specific crisis affects budgeting
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School of Business |
Bachelor's thesis
Electronic archive copy is available locally at the Harald Herlin Learning Centre. The staff of Aalto University has access to the electronic bachelor's theses by logging into Aaltodoc with their personal Aalto user ID. Read more about the availability of the bachelor's theses.
Authors
Antikainen, Juha
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Language
en
Pages
20+1
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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.