The Research Of Budget Management In Chinese Enterprise Groups

Since 1990s, many big companies in China began to apply budget management in its operation. It turns out that different countries, various enterprise culture, different customs and even personality have significant influence toward budget management. Thus, how to correctly apply budget management on the real practice base, promote the management of enterprises, built companies big and strong, is still a major topic in companies of China, especially in company groups.Beginning with the characteristics of budget management in company group, systematically analysizes the problems which should be emphasized in the budget management in company group, including the starting point of budget, the degree of budget control, and a budget system applicable to company group of China and management model has been proved, which consists of organizational system, composing system, control and evaluation system; then the current situation of budget management in company group is studied through cases, the shortages of budget management in company group and improving measures are summed up.The conclusion of the paper is: through the theoretical and case research, the budget management in company group is studied, involving the historical evolution of budget management and its characteristics, its system, evolving control, management model, problems and measures. The major conclusions include: firstly, the system of budget management in company group is a integrated enterprises management system, it is made up of organizational system, budget composing system, control system and evaluation system, covering the whole progress of budget management. Secondly, the budget control system of company group includes three parts, the execution, adjustment and feedback control, to be detailed. The execution control consists of right distribution, capital supervision and budget arbitration. And the control of budget feedback includes the back-feedback system and budget feedback report. Thirdly, when applying the budget management, Chinese company groups should choose compromise model. Fourthly, although there are successful cases, there are many shortages, including incomplete budget organizational system, composing system unreasonable, budget control not fulfilled, not healthy motivation mechanism, and budget aim not clear, budget resources allocation not reasonable, and serious budget management game behavior. Fifthly, focusing on the problems of budget management in company group, measures are pointed out, which includes bettering the organizational system and budget composing system, strengthening the budget control, improving the motivation mechanism, clarifying the budget orientation, adjusting the starting point of budget and allocating budget resources correctly, and realizing the equilibrium of budget management games.