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Polish: 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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6:49pm Mar 20, 2007Login or register (free) for more options.
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
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
United Kingdom
Note from asker to answerer
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4 KudoZ points were awarded for this answer



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


  

Answers

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
United Kingdom
Specializes in field
Native speaker of: Native in PolishPolish
PRO pts in category: 72
Note from asker to answerer
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