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BAO5736 Managerial Control Systems

05 / 03 / 2018 Assignment

This paper circulates around the core theme of BAO5736 Managerial Control Systems together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 145. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

Required:
1. Statoil managers claim that their company no longer prepares a budget. What do they mean by that claim? (5 marks)

2. Why did Statoil decide to abandon budgeting? (5 marks)
3. Describe the new processes that Statoil implemented to replace the budget. What are its strengths and weaknesses? (8 marks)

4. Is the Statoil “Ambition-to-Action” system just a routine implementation of the Beyond Budgeting approach, or does it include some additional features or fail to uphold some of the Beyond Budgeting principles? (8 marks)

5. The “Beyond Budgeting” approach is still relatively rare outside Europe. Why? Is there something about non-European cultures that limits its applicability, or are other companies just slow to catch on to an innovation that has started in Europe? (6 marks)

6. Statoil managers were displeased with the traditional budgeting process that the company formerly used. Why? (7marks)

7. What are the major differences between a traditional budgeting process and the
Statoil “Ambition-to-Action” process? (7 marks)

8.  Referencing using Harvard style and presentation (4 marks)


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