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budżet oddolny

English translation: bottom-up budget

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Polish term or phrase:budżet oddolny
English translation:bottom-up budget
Entered by: Pawel Michniak
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18:49 Mar 20, 2007
Polish to English translations [PRO]
Bus/Financial - Economics
Polish term or phrase: budżet oddolny
czyli taki, który jest opracowywany wpólnie przez szefostwo firmy i jej pracowników
Pawel Michniak
Poland
Local time: 16:13
bottom-up budget
Explanation:
1. It is often presumed that a top-down budget process leads to a smaller overall budget than a bottom-up budget process. We show, using structurally induced equilibrium theory...

2. It is generally expected that as this "bottom-up" budget moves from lower-level managers back up through the executive ranks, the process itself, and the more informed perspective of an executive, takes additional information into account, and therefore the budget takes "reality" into account. But the reality of what is happening is that the budget is transforming from the "operational" perspective it has at the lower levels back into the financial perspective that the budgeting process demands...
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Mariusz Kuklinski
Local time: 15:13
Grading comment
wielkie dzięki
4 KudoZ points were awarded for this answer

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Summary of answers provided
5 +1bottom-up budgetMariusz Kuklinski


  

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25 mins   confidence: Answerer confidence 5/5 peer agreement (net): +1
bottom-up budget


Explanation:
1. It is often presumed that a top-down budget process leads to a smaller overall budget than a bottom-up budget process. We show, using structurally induced equilibrium theory...

2. It is generally expected that as this "bottom-up" budget moves from lower-level managers back up through the executive ranks, the process itself, and the more informed perspective of an executive, takes additional information into account, and therefore the budget takes "reality" into account. But the reality of what is happening is that the budget is transforming from the "operational" perspective it has at the lower levels back into the financial perspective that the budgeting process demands...


    Reference: http://www.zei.de/download/zei_wp/B00-18.pdf
    Reference: http://www.usbusiness-review.com/content_archives/Sept06/02....
Mariusz Kuklinski
Local time: 15:13
Specializes in field
Native speaker of: Native in PolishPolish
PRO pts in category: 84
Grading comment
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