Budgeting
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An estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals. One of the most important administrative tools, a budget serves also as a (1) plan of action for achieving quantified objectives, (2) standard for measuring performance, and (3) device for coping with foreseeable adverse situations.
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BLOB STUDIO - KOLKATAAI and Entrepreneurship: Transformation and Opportunities
AI and Entrepreneurship: Transformation and OpportunitiesThe Chinese University of Hong Kong & UCL
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Artificial Intelligence (AI) is revolutionizing industries, reshaping business models, and driving unprecedented opportunities for entrepreneurs. This presentation, delivered at JCI Hong Kong, explores the transformative impact of AI on entrepreneurship, highlighting key trends, challenges, and opportunities in the digital age.
Key Topics Covered:
AI as a General-Purpose Technology How AI is driving transformation, much like electricity did in previous industrial revolutions.
Creative Destruction & Disruptive Innovation Understanding how AI is replacing traditional industries while opening new avenues for growth.
Paradigm Shift & Boundless Imagination The need for innovative thinking, breaking away from conventional business models to embrace AI-driven change.
AI-Powered Entrepreneurship How startups and businesses can leverage AI to enhance efficiency, scalability, and market impact.
Why This Matters:
Entrepreneurs today must adapt to AI-driven disruption by identifying market gaps, leveraging automation, and using AI tools to scale rapidly. This presentation, led by Professor Wilson Wong (CUHK, UCL) and Mr. David Kwan (Alpha Deepmind Limited), provides expert insights into how AI is reshaping businesses and creating new economic opportunities.
What Youll Learn:
How AI is accelerating business growth with smaller teams
The role of zero-cost prototyping in transforming ideas into reality
The rise of AI-powered scalable services across industries
Real-world examples of AI-driven startups and innovations
Join the conversation on how AI is shaping the future of entrepreneurship and explore the limitless possibilities of AI-driven business transformation.
Download the slides and stay ahead in the AI revolution!Budgeting
- 5. Planning Stage. Unchanged. Regardless Of objectives Achieved OR Not. Basis Of Estimated Volumes.
- 6. Essential Factors In Budgeting Control. Change At Different Levels. More Flexible As Compare To F.B.
- 7. Suitable For Stable Business. Starts With Previous. According To Situation. Then Add OR Less.
- 8. Dont Allows The Ultimate Budget Holder In Budgeting Process. Opportunity To Participate.
- 9. Previous Figures Are Not Adopted. On The Basis Of Likely Activities.
- 10. Annually OR Monthly. Fast Moving Environment.
- 11. Activity Frame Work. Cost Driver. Overhead Cost.
- 12. Comparing Budgeted Results. Taking Control Actions.
- 13. Planning. Coordination. Utilization Of Resources.