BENEFIT OF BUDGETING AS A MANAGEMENT TOOL IN ORGANIZATION A CASE STUDY OF NIGERIA BOTTLING COMPANY LTD
The study examined the benefit of budgeting as a managerial tool in an organization, which focus on Nigeria Bottling Company Plc. The survey method was extensively used together data for the study and a simple through questionnaire and oral interview and discussion conduct with some of the study participants.
The study establish the benefit of budgeting as a management tool in an organization so that it can contributes to the realization of organization goal and objectives. They should conclude with useful recommendations that can help the Nigeria Bottling Company Plc to improve in their budgeting in an organization.
1.1 BACKGROUND TO THE STUDY
In Nigeria today, there is rapid growth experience in the area of industrialization. A lot of business has failed to recognize that budgeting as a management tool is effective enough to reposition the organization among their competitors.
In the opinion of many authors budgeting is a check necessary in an organization, the planning policy put in place will be defective. The aim of managers is to effectively put up a budgeting policy as a means of making practical’s budgets in the organization. This is what has prompted this study, benefit of budgeting as a management tool in an organization.