Answer question based on Samsung company report 2017. 1. Would Samsung company be likely to have...

Answer question based on Samsung company report 2017.

1. Would Samsung company be likely to have different actual figures compare to its budgeted figures? Explain drawing on specific examples from the case. (200 words )

Expert Solution

If we look at the consolidated statements of Samsung based on their data of 2017 we will observe that the report has quite a difference from what was budgeted and I feel that is normal because organizations cannot expect the numbers to be quite exact with what they have planned because there are various considerations that may crop up while functioning as a business. I believe that there are various reasons behind this difference. Firstly, planning did not work out completely. Secondly, the organization did not plan about the issues that may crop up in the process. Thirdly, there are various competitors who may have some plan that has been effective which has made the figures different from the one anticipated.

Each and every organization possess some planned budgets and it may happen that the planning's may not be fulfilled as per the results and the organizations should be prepared for such situations because in order to run a business successfully it is better to make the accommodations for the same. A business should be ready with internal and external competitors and even natural issues that may disrupt the business of the organization.

keosha answered 5 months ago

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