Erin Shaw

Week 8 Extra Credit

Budgeting Survey

1) What are cited as the two most common pain points of budgeting?

a) Dealing with other managers with in the company.

b) Working with spreadsheets and other technology driven tools.

2) What percentage of companies that participated in the survey said that they prepare annual
budgets? Of those that prepare budgets, what percentages say that they start the budgeting
process by first generating sales projections?

a) I suppose all the companies prepare budgets. The article states 75% of the SMB/SME
companies budgeted with spreadsheets alone or in combination with a GL/ERP system.
82% of the larger companies linked compensation and goal-achievement with 57%
linking 20% of the total compensation to meeting operational goals.

3) What is the most common amount of time for the annual budgeting process?

a) On average the annual budgeting cycle took 4-8 weeks.

Balanced Scorecard

1) What are the objectives identified for the airline for each perspective?
a) Financial- Increase Profitability, Lower cost and increase revenue
b) Customer- On time flights, More customers, and Lowest Prices
c) Internal- Improve turnaround time
d) Learning Align ground crews
2) What measures are used for the objectives in the customer perspective?
 a) FAA On Time Arrival Rating, Customer Ranking and Number of Customers
3) What initiatives are planned to achieve the objective in the learning perspective?
a) Stock ownership plan and Ground crew training