Budgets and motivation
You'll learn how budgets can motivate your workforce and the key behavioural factors that make them effective. This lesson covers participative budgeting, setting achievable targets, incentive schemes, and responsibility accounting—all essential for Performance Management.
This lesson is part of a paid course
Buy the course to unlock every video lesson and the AI Tutor, plus mock exams with feedback on CIMA courses.
Already bought? Sign in
Ask the AI tutor anything about this lesson
It knows every lesson in the course — explanations, clarifications, practice questions.
In this lesson
- 0:00 Budgetary control and behavioural motivation
- 0:39 Budgets as strategic motivation tools
- 2:36 Translating objectives into achievable targets
- 4:01 Goal congruence and avoiding dysfunctional behaviour
- 5:13 Participative budgeting for staff ownership
- 6:03 Achievability, controllability and fair assessment
About this lesson
You'll discover why involving staff in the budgeting process, ensuring targets feel achievable, and assessing only controllable factors are critical to creating goal congruence and avoiding dysfunctional behaviour in your organisation.
Duration: 7m
Transcript
Every lesson comes with a full searchable transcript - included with the course.
Get the Management Accounting course
All 87 video lessons, an AI Tutor in every lesson and lifetime access.
Already bought? Sign in