Budget Management and Organizational Effectiveness in Nigeria

Abstract

The study examined the relationship between budget management and organizational effectiveness. Budget management is a useful mechanism for enhancing managerial behavior and necessary in motivating managers towards the achievement of organizational objectives. Organizational effectiveness is the reflection of how well resources are used by management that results to productivity and overall profitability. Budget management reinforces planning, coordination, motivation, communication as well as top management action. The exploratory research design was used for the study, and through data analysis, it was found that budget management has positive correlation with organizational effectiveness. The study suggests that management at all levels and times must ensure that deviations from budget are checked to avoid mismanagement and enterprise failure.