The Effect of Budget Management on the Performance of Profit Making Organizations in Uganda. Case Study: Bidco Uganda Limited

Abstract

This study examined the effect of budget management on the performance of profit making organizations. The main purpose of the study was to investigate the effect of budget management on the performance of profit making organizations in Uganda. The study sought to achieve the following objectives; to examine budget management of a profit making organization, to assess the level of performance of profit making organizations and to establish the relationship between budget management and the performance of profit making organizations. The study was carried out at Bidco Uganda limited located in Jinja. The study employed a triangular research design and a sample size of 80 respondents who mainly comprised of managers at the top, middle and lower level. The respondents were selected using purposive sampling technique for top manager and simple random sampling technique for middle and lower managers. Data was collected using self administered questionnaires which involved the use of structured and unstructured questions that were designed according to the objectives and research questions of the study. The study revealed that budget management is effectively done. This was established by the positive correlation between budget management and the performance of Bidco Uganda limited.

Further research was suggested by the researcher on the effect of Auditing on the performance of organizations in Uganda.

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