The Optimization Design Of The System Of Strategic Budget Management In CSR-ZELC

Abstract:Strategic budget management is a vital control and management tool within an enterprise and a crucial means of an enterprise’s resource allocation as well, which plays a significant role in both advancing the enterprise’s control and management level and realizing its strategic objectives. Since its implementation, from an extensive one to an elaborated one, strategic budget management makes some achievements in optimizing resource allocation, increasing beneficial results, improving market competitiveness, standardizing basic managerial work, and perfecting internal control mechanism within the enterprise as well. With the enlargement of the company size, the expansion of domestic and oversea markets, and the increase of managerial requirements, the current budget management, however, exposes increasing weakness accordingly, which fails to assist the enterprise in realizing its strategic objectives. Thus, to optimize the strategic budget management system is a practical demand of Zhuzhou Electric Locomotive Co., Ltd (CSR-ZELC).This thesis exploits methods of literature review, standardization research, interview survey, and case study to conduct the application research on the optimization design of the strategic budget management system of CSR-ZELC. Firstly, through massive literature search, we have summarized the basic theory of strategic budget management, based on which, we have conducted a comprehensive analysis of the current budget management system of CSR-ZELC and the necessity of implementing strategic budget management. Accordingly, the design scheme of strategic budget management is put forward, which involves the organizational system, the target system, the budget institution process and information system of strategic budget. Finally, we have elaborated on guarantee measures of implementing the strategic budget management scheme from such perspective as organizational structure, business culture, information management and strategic budget management of talent. This thesis provides not only theoretical guidance and decision-making foundation for CSR-ZELC, but also decision-making references for other manufacturing enterprises when carrying forward strategic budget management.