BUDGETARY PLANNING AND CONTROL AS A TOOL FOR INCREASING PRODUCTIVITY A CASE STUDY OF ANAMCO EMENU ENUGU
This study is to find out how budgeting control and planning help to increase productivity in Anamco Emene. To gain this project work, four (4) research question. Wee formulated. A review of literature was done to ensure solid conclusion for the study. A structured questionnaire was developed and administered by the researcher to sixty two (62) staff made up of junior and senior staff of Anamco Emene Enugu. Table analysis where data was decoded into mean and standard deviation was used for research questions. Based on major findings of the research, conclusions wee drown and recommendation made to elicit the problems associated with the topic under study.
BACKGROUND OF THE STUDY
The growing complexity of the business environment and the ever-increasing competition among firms in the modern time, make planning/budgeting an invaluable tool for business success. Successful management is no longer just a matter of flair, skill and determination, a conscious effort is needed to harness available resources towards the achievements of enterprise objectives. Therefore budgeting is one of the tools adopted by management for effective cost planning, control and increase productivity. In this study, we are going to find out how budget and budgetary control enhance the management of a firm to increase productivity and reduce cost of
production. Additionally, since budgeting is a formal expression of managerial plans n quantitative and financial terms encompassing different phases of assisting management in attaining the organizational objective, we are going to verify some limitations of problems associated with budget and budgetary control and how to tackle them and also how the management of Anamco Nigeria Ltd has utilize budget and budgetary control to achieve the organizational objective, increase productivity and reduce cost of production. In most case, some of the problems, which they encounter, includes that there is no efficient support and involvement of all level of management in decision-making. And also the organization is not able to develop meaningful forecast and plans
especially the sales plan in making sales budget. In addition to this they are unable to educate all individuals to be involved in the budgeting process and gaining their full participation. They cannot apply the budgeting system in a flexible manner, including that some organization cannot maintain effective follow up procedure and adapting the budgeting system when ever the circumstance changes. All the above mention facts are some problems to be discuss