Netflix Budgeting Practices Evaluate its budgeting processe
Netflix Budgeting Practices Evaluate its budgeting processes and… Netflix Budgeting PracticesEvaluate its budgeting processes and practices and how this impacts its performance. Address the following:The firm’s budget unit personnel characteristics: e.g. size (number of employees), distribution by age, gender, qualifications, experience in the position and in the firmPosition of the budgeting Unit in the firm’s organizational structure What are the company’s management philosophy and budgeting practicesThe top management of each company has unique beliefs about how the company should be managed. These beliefs are directly reflected in both the design and use of budgets, and the top management frequently uses budget meetings to communicate and reinforce these beliefs.Long-range and short-term planning practicesBudgetary practices in the firm – Data on budgetary practices should be grouped into the following six broad categories: o Forecasting o Budgetary policies and procedures o Budgetary standards o Performance reports o Consequences of budgeting o Self-perception of budgetary effectivenessWhat conclusion can you make about this firm’s budgetary practices?Business Finance FINANCE FN605
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