Musimundo

1.DESCRIBE THE STRATEGIC CONTEXT IN WHICH QUINTANA SHOULD JUDGE MUSIMUNDOS PERFORMANCE. WHAT ARE THE CHARACTERISTICS OF THE ENVIRONMENT THAT MUSIMUNDO COMPETES IN? WHAT ARE PEGASUS STRATEGIC OBJECTIVES FOR MUSIMUNDO? HOW DO THESE FACTORS AFFECT THE BUDGETING PROCESS? Strategic Context Quintana wants to strategically reward the managers of the Musimundo stores for concussion their bud let downary goals; however, some managers were completely unable to do this and an opposite(prenominal) managers were guaranteed their sales quota. Quintana can rectify this situation by modifying the Musimundo incentive system. Quintana can employment multiple carrying into action measures to reward his managers. These performance measures can be sales ground on a flexible budget that looks at historical sales and measures them against flowing sales. The manager could be rewarded for the percentage of increase. Quintana can also use a balanced scorecard approach for each store. A stores success can be based on a number of factors aside from sales. These factors could be node satisfaction surveys, growth within the store, and management of employees and human resources. additionally for the next year, Quintana should implement and/or refine an Activity establish Budgeting system.

Quintana can first assign overhead represents to cost pools that represent the largest activities for Musimundo. These be would be related to the purchase, location, and stocking of Music (Music stand for 41% of the Musimundo business in 2004). After these overhead costs are assigned, the costs can be allocated to the sundry(a) retail stores based on their consumption of the good (e.g. the number of melodic works they stock and sell). The Musimundo Environment The Musimundo environment is jaded and disproportionately gainful in various regions of Argentina. As Argentina was exiting its economic crisis, various regions were catching up in the realm of consumption; however, other regions were either not catching up or... If you want to get a full essay, order it on our website: Orderessay

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