Research On Comprehensive Budget Management Of Company A From Strategic Perspective

In today’s increasingly fierce market competition,corporate managers have turned their attention to strategic management in order to keep enterprises moving smoothly in the economic tide.Strategic management is the process in which the enterprise determines the overall development direction of the future,comprehensively analyzes the current and external factors to determine the strategic objectives,and supervises the process of achieving the strategic objectives.The strategic objectives are abstract and general to a certain extent.In the process of realizing the strategic objectives,the enterprise decomposes it into specific indicators through the comprehensive budget and implements them into daily operations.The comprehensive budget plays a variety of roles in the process of enterprise management,such as formulation,implementation,and supervision,helping enterprises achieve a smooth transition during the economic transition period.The extensive use of comprehensive budgets in Chinese enterprises has improved the overall management level of enterprises.However,due to the rapid development of China’s economy,most enterprises have different levels of short-sighted behaviors to adapt to changes in the environment as soon as possible,resulting in budget implementation and strategy.A situation where the target is different.Many companies have paid attention to the preparation process and neglected the implementation.At the same time,there is a lack of supervision and evaluation,which leads to a big gap with the expected effect of implementing the comprehensive budget.Faced with this phenomenon,enterprises will establish a comprehensive budget management system with a strategic orientation as the starting point for future work.This paper takes Company A as the research object,introduces the management tool of Balanced Scorecard based on strategic orientation,and formulates,compiles,executes and supervises the comprehensive budget of Company A through literature research method,questionnaire survey method and case study method.The process has been researched;it is trying to design a comprehensive budget system based on strategyoriented company A,which provides reference for related enterprises in the resource mining industry.The study found that: Company A has a short-sighted behavior when formulating a comprehensive budget.The members of the company do not fully understand the overall budget,resulting in low participation.At the same time,the enterprise budget maker and the executor are the same group,resulting in budget slack,insufficient feedback,and supervision.The evaluation of the problem is not in place.In response to these problems,this paper takes the improvement of the comprehensive budget system as the starting point,uses SWOT analysis method to determine the current overall goal,and refines it.Through the balanced scorecard,the overall budget implementation is matched with the strategic objectives,and the company’s related system is improved.The implementation intensity and the supervision and evaluation system put forward corresponding suggestions,and we hope to achieve the business objectives of the steady development of Company A.