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Tage Rejmes bil Ab: A Case Study of the Company’s Budget Process

Background: All companies need to plan their business and make projections about how they will do in the future; next week, next month, or maybe a year ahead. The most common management tool for planning a business is budgeting.

A budget is an action plan for the whole company with goals and defined actions for each department. It shall contain expected consequences expressed in financial terms and be based upon expressed assumptions and conditions for a defined period.

Purpose: The purpose of this thesis is to get a deeper understanding about the current budget process at Tage Rejmes bil AB. The authors intend to map out and analyze the current budget process, in order to help the company to identify issues regarding the current budget process. This will be achieved by doing an in depth case study, involving the parent company and all of the Group’s operating subsidiaries.

Method: The thesis is based on an inductive approach with a qualitative procedure which will help the authors to answer the research questions.

Empirical findings: The empirical findings are obtained mainly through interviews with the parent company and the subsidiaries within the Rejmes Group. The authors have mapped the current budget process and how it is implemented throughout the organization. All subsidiaries interviewed are within retailing, which is the Group’s core business.

Conclusion: The result from the case study shows that the budget has the potential to be a good tool for managing the organization. There are however vital factors within the budget process, such as the excel sheet application and the management process of implementing the budget, which need to be evolved in order to maximize the budget.

A dynamic budget tool which generates non-financial actions would ease the implementation and fulfillment of the budget’s purposes, goals and objectives.
Source: Jönköping University
Author: Berggren, Robin | Eriksson, Fredrik

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