This activity requires you to resolve a problem, using a scenario. The purpose is to highlig

This activity requires you to resolve a problem, using a scenario. The
purpose is to highlight the benefits that budgeting brings to an organisation,
by looking at the implications of not budgeting!

Please read the case study attached

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This activity requires you to resolve a problem, using a scenario. The purpose is to highlig
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As the new finance manager, you should advise the management team how
they might address the problems currently experienced, using the problemsolving method you were introduced to in Week 2 of the module and the
material on budgeting presented in this week’s readings.
The problem-solving method, you should recall, requires you to:
. identify the problem
. analyse the problem
. draw conclusions from your analysis
. propose a solution as a set of SMART recommendations
. acknowledge the strengths and weaknesses of your proposal
. identify any significant wider implications if your proposal were to be
implemented.

First, you will need to identify the fundamental problem: what is the
financial situation of the organisation? Then, you can start to analyse the
problem: what reasons appear to be contributing to this situation? You
should recognise a number of managerial issues, identified in the scenario,
that are likely to contribute to the current financial situation of the business.
95
Module Activities
After completing the analysis, your conclusion should draw together the
main points into a concluding statement. Do the reasons highlighted in
your analysis have an underlying common theme? This conclusion should
point the way to a specific solution, presented as a series of SMART
recommendations. In making such recommendations, you should specify the
sequence of actions that need to be taken, by whom and the timescale
involved. As the finance manager, you are likely to be the prime mover in
this process, but you will need support from the other managers and
particularly from senior management.
Having made your recommendations, you should then identify the strengths
of your proposal, how it will address the causes of the problem highlighted
in your analysis. You should also acknowledge any weaknesses: what
disadvantages may result for Garden Furnishings? Are the benefits likely
to outweigh the costs (remember costs and benefits can be financial or
non-financial)?
Finally, in considering the implications of your proposal, you should
consider the impact your recommendations may have across the organisation:
for example, is there likely to be a need for staff training? Is there likely to
be resistance from certain vested interests who may be threatened by your
proposal (and why)?

Please use the template that is attached.

I have also uploaded some examples these you can use do not copy these but you can take parts and reword them.

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