Possibilities of Continuous Improvement of Budgets by the Kaizen Method in the Current Context

Abstract

Stimulating the tendencies of integration of the Republic of Moldova in the world economy requires the indigenous entities to continue to be efficient, competitive, very operative, but also sustainable, given that obtaining long-term positive financial results depends on sustainability. In order to guide their actions, the entities request information on the activity carried out, in which the most important place is the budget. In this article, the authors are describing the Kaizen method - a Japanese concept which assume continuous improvement of the processes and budgets. The importance of budgeting method consists in efficiency of application, not just in performance of it. Once the company has selected a method of budgeting it should to make sure that this instrument is applicable and in concordance with its necessities. The investigation methodology includes fundamental approaches regarding the possibility of applying the Kaizen method in the local entities. Thus, the dialectical method was used with its fundamental elements. The methodology and recommendations formulated can serve as a support for managers in order to sustainably improve the results from the long-term improvement of the work process. This means full and active involvement in the Kaizen process of employees at all levels, naturally developing a sense of ownership and self-discipline.