A Study On The Comprehensive Budget Management Implementation In Retail Industry

Originating from government budgeting in western countries,budget management has been gradually adopted as one of the fundamental components of corporate management in the course of the last century.Comprehensive budget management is one the management tools being promoted in China.Nowadays,the study on comprehensive budget implementation and case study are mainly in the industry of telecom,railway,electricity and Insurance.The study on retail industry is rare.Therefore,this thesis aims to exam a retail chain—W company—as a typical case to demonstrate the key issues and relevant enhancement advice.Hopefully, this thesis will provide reference and guidance to companies preparing to construct or modify their budgeting models.The fist part of the thesis is to introduce the research background,the reason and the meaning.The second part is to review the budget history,the criticism of traditional budgeting,the research on the solution,and the summary of the theory of comprehensive budget management.The third part point out that W company,even it has done some improvement on the basic of traditional budget,there is still some issues,mainly in poor efficiency,accuracy and appraisal systems.Therefore,the fourth part gives the advice of implementation of information system and balanced scorecard,which can link strategy, budget and appraisal system together.The last part is the conclusion.