Your Employee Jeremy Is Very Creative and Has Offered Some

question 98

Essay

Your employee Jeremy is very creative and has offered some very insightful analysis this past year. At the annual review, though, you will need to share some constructive criticism with him. He is prone to missing deadlines and often turns in work with typos and grammatical errors. Frame these negative comments positively.

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Definitions:

Rolling Budget

A continuously updated budget that extends a set period into the future by adding a new period as the most recent period is completed.

Padding the Budget

The practice of including extra costs in a budget to create a financial cushion, which can mislead or distort financial planning and decision-making.

Goal Incongruence

A situation where the objectives of different stakeholders or parts of an organization conflict with each other, potentially leading to inefficiencies or counterproductive actions.

Cost Target

Cost target is the budgeted or desired cost of manufacturing a product or executing a project, aimed at ensuring competitiveness and profitability.