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Budgets and Employee Morale
Budgets play a critical role in management activities such as planning, controlling and motivating employees. Used effectively, budgets can help a company achieve its goals and create a productive work environment. In contrast, budgets can also create a hostile work environment. Watch this video about budgets and employee morale and then reflect upon your own work experiences. Explain how budgeting was incorporated to achieve the companyâ€™s overall goals and objectives. Reflect on whether or not the budgets were effectively applied and whether your experience was positive or negative.