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Abstracts prior to volume 5(1) have been archived!

Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106)



JOURNAL OF MARKETING DEVELOPMENT AND COMPETITIVENESS


Budgeting in a Chaotic Economic Environment …Factors Leading
to Improvement

Author(s): Nancy Coulmas, Mark D. Law

Citation: Nancy Coulmas, Mark D. Law (2010) "Budgeting in a Chaotic Economic Environment …Factors Leading to Improvement," Journal of Marketing Development and Competitiveness, Vol. 5, Iss. 1, pp. 42 - 46

Article Type: Research paper

Publisher: North American Business Press

Abstract:

Traditional budgets and budgeting processes have been identified as frustrating and inflexible. They are based on immovable targets and often lead to suboptimal attitudes and behaviors. When the budget process is performed in a chaotic economic environment, these negative aspects are exacerbated. This paper identifies and discusses actions that can be implemented to enhance the flexibility of budgets and their processes and to reduce the negative aspects involved.