Coursecase

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Running Head: Course Case

ACC 561 Course Case: Research and Application 9-24
Bobby Williams
Professor William Blix
Strayer University
March 11, 2011

Table of Content

Abstract…………………….…………….………………………………………………… 3 P&G Strategy ……...……………………………………………………….……………… 4 P&G and Federated Department quarterly sales trends. …………………..….…….……… 5 P&G’s business scope ………………………...………………………………...….………. 5 P&Gs sales and expenses uncertainties forecast. ……………………………………...…. 5/6 How an Enterprise System helps a globally dispersed company………….………...….….. 6 Gillette different cultural norms…how could differences in two organizations’ budgeting practices be responsible for these types of divergent cultural norms? …….……...………. 6 Conclusion. ……………………………………………………………………….…….… 7 References ……………………………………………………………..………….………. 8

Abstract
Throughout, history companies have always had an innovative methodology of maximizing profits or services in ways to stand out above their competition. In order for a company to stay in tune with the overall company’s objective, they have to develop some method of planning and control, which is called budgeting. (Brewer, Garrison, Noreen, 2010) The budget is the beginning of a plan of behavior expressed in monetary terms. It plays a critical role in planning, controlling, and decision-making. Budgets also offer healthier communications and harmonization amongst all stages of management. (Abello, 2010) This research will analyze data as to how Proctor and Gamble (P&G) and Federated Department Stores budgets reflect reality.

P&G’s Strategy
P&G strategy for success in the marketplace is to plan for the long-term health of the company and of course to make sure they keep their shareholder happy as well. They believe that this will be achieved by the following ways. By increasing the growth of their organic market faster than their competitors, delivering higher earning per share and generate free cash flow productivity 90% or greater. To achieve these goals P&G top strategy has been formed into two driven goals, to touch and improve the lives of others. So in order to achieve these goals their strategy is categorize into three parts. They are called the More Consumers, In More Parts of the World, and More Completely. In the More Consumers strategy, P&G believe that if they can improve more consumers’ lives by continuously improving consumer’s value, through better product. While continuing to stay price conscious towards the consumers, by offering the best product at the lowest possible price. P&G next strategy, In More Parts of the World, they believe they are also improving lives in more part of the world, by using the same concept as in the first strategy, but on a global scale. In the last strategy, More Completely, P&G believes they are improving lives more complete, by continuing to improve existing products. They believe by attracting new consumers into their existing brand companies and broadening the products used by their current consumers, they are able to reduce cost and increase profit grow. (P&G, 2011) From the above goals and strategies it is clear that P&G relies primary on their customer intimacy and operational excellence from their companies. P&G business risks

Some business risks that P&G face that may threaten its ability to satisfy stockholder are the ability to achieve business plans, cost pressures, global economic conditions and regulatory environment. In the ability to achieve the company plans some examples of control activities to reduce these risk would be the following. P&G must continually stay on top of their brands and products that will appeal to the consumers and retail trade customers. With the cost pressures P&G must continually manage any price fluctuations through price actions, cost saving projects, and decision and certain transactions. With the global economic conditions, P&G need to continue adjust as these changes occur, especially in their...
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