Convenience

postaction control
Monitors the outputs
or results of the
organization after the
transformation
process is complete
financial control
Concerned with the
organization’s
financial resources
budget
A plan expressed in
numerical terms
436
Part 5:
Controlling
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animated-movie flops, such as
Atlantis: The
Lost Empire
and
Treasure Planet
, the com-
pany had to take a much harder line on bud-
get overruns.
18
More recently, major losses
on Disney live-action films like 2014’s
The
Lone Ranger
have prompted increased bud-
get scrutiny on all future films.
Because of their quantitative nature, bud-
gets provide yardsticks for measuring perfor-
mance and facilitate comparisons across
departments, between levels in the organiza-
tion, and from one time period to another.
Budgets serve four primary purposes. They
help managers coordinate resources and
projects (because they use a common denom-
inator, usually dollars). They help define the
established
standards
for
control.
They
provide guidelines about the organization’s
resources and expectations. Finally, budgets
enable the organization to evaluate the
performance of managers and organizational
units.