Some companies prefer to take a “top-down” approach to budgeting, in which upper management establishes the budget with little input from other…

Some companies prefer to take a “top-down” approach to budgeting, in which upper management establishes the budget with little input from other employees. These budgets are imposed on the organization and do little to motivate employees or to gain acceptance by employees. What method of budgeting is more effective than the top-down approach?