Budgetary accuracy improves managerial performance

Article Abstract:

An evaluation of accurate forecast effects on managerial performance reveals that performance tends to improve after the lag of one month and that this improvement may be carried over to the second and third months. Budgetary accuracy has been found to be a significant factor in manager performance so companies should integrate budgetary accuracy in determining management incentive management. Students and the simulation method were used for the evaluation.

Management Skills NEC, Methods, Management, Usage, Simulation methods, Simulation, Management techniques, Business budgets

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The human aspects of collaborative forecasting

Article Abstract:

An analysis of forecasting techniques and an autobiography of forecaster Sean Reese are presented. Particular attention is given to psychological and strategic aspects of collaborative forecasting. Experiences Reese encountered as a forecaster working for Ocean Spray are described.

Personal narratives, Forecasts and trends, Forecasting, Ocean Spray Cranberries Inc., Reese, Sean

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Reflections of an international forecaster

Article Abstract:

Differences in culture, market characteristics and business arrangements have great impacts on forecasts. An international forecaster deals with these socioeconomic characteristics.

United States, Financial Forecasting, Market development

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