Research On Comprehensive Budgeting Of Conglomerates

Under the circumstances of market economy, the great corporations and conglomerates have played an important role. They have become sign of contemporary enterprises and the symbol of national industry. Today, undoubtedly, the contest among corporations and conglomerates embodies the economical contest among countries. After taking part in the WTO, it is imperative for China to fund and develop the conglomerates in order to develop economy and advance reformation.Compared with the advanced conglomerates in the world, Chinese conglomerates lack relevant competence though China has made great progress by enforcing the strategy of developing conglomerates. Therefore, how to improve Chinese conglomerates' administration and how to enhance their international competence and how to contest with foreign conglomerates has become an emergent problem.The management of conglomerates is complex that author believe the conglomerates management should be improved by the enforcement of comprehensive budgeting. The comprehensive budgeting is the important composition of financial management and has been applied in occidental enterprises. The comprehensive budgeting can converge various resources in the conglomerate and cope with the uncertainty of market though internal order because it is a kind of systematical, strategic and humanistic management model. The comprehensive budgeting can make conglomerates form a sort of strong, ordered adhesion and embody the competent advantage of conglomerates and foster the core competence of conglomerates. The comprehensive budgeting is not only conducive to improving the efficiency and effect of management in microcosm but also an important method to better the resources deposition under the circumstances of market. Therefore, author chooses the thesis of research on comprehensive budgeting of conglomerates.This thesis is divided into five chapters in order to study comprehensive budgeting of conglomerates.In chapter 1, the introduction. Author analyzes the background of comprehensive budgeting from the angle of history, economics structure and governance. Firstly, the thesis introduces the formation and development of conglomerates and its economic significance. Then, the thesis discusses that the harmony of command economy and market economy is the logical starting point of comprehensive budgeting. Finally, the thesis expounds that the improvement of governance is the enforcement of comprehensive budgeting of conglomerates.In chapter 2, the basic theories of comprehensive budgeting. In section 1, the theoretical basis of comprehensive budgeting, the thesis puts forward the new conception. In author's opinion, strategy management is the starting point of comprehensive budgeting, management by objectives (MBO) is the direction of comprehensive budgeting, forecast and planning is the core of comprehensive budgeting. Strategy management, MBO, forecast and planning which is penetrating, combining and integrating composes the theoretical basis of comprehensive budgeting. This opinion is the guiding ideology of this thesis. In section 2, the concepts andfunctions of comprehensive budgeting, author points out that comprehensive budgeting is a sort of enterprises internal management active or process which qualifies the enterprises objectives and its disposition of resources and promote the realization of its objectives. Then the section discusses the functions of comprehensive budgeting. These functions are planning, integration, control and check. In section 3, the thesis studies the essence and effects of comprehensive budgeting. In essence, comprehensive budgeting as the import composition of financial management is a kind of system management and implies the philosophical idea that is decentralization on the basis of sharing power. Finally, the chapter discusses comprehensive budgets.On the basis of the former two chapters, in chapter 3, the thesis constructs the model of comprehensive budgeting of conglomerates. The chapter discusses the administration framework of comprehe...