The objective of this project is to discuss the Budgetary Planning and Control Systems
of American Express Ireland Ltd, applying relevant theoretical and practical research
to it's evaluation and all conclusions reached.
The American Express Corporation experienced worldwide problems in relation to
Establishment attitudes, the result of which being the need for major cost cutting
actions in order to initiate improvements. American Express Ireland Ltd lost its autonomy as an Investment Centre as a result of being incorporated into American Express Europe Ltd and presently operates as a Cost Centre. As a result of this re-structuring the company's Budgetary Planning and Control System has been radically disrupted. The writer intends to illustrate the effect of the corporation changes, which began implementation during 1993, on the Budgetary Systems using a "before" and "after" scenario. It is concluded that the fundamentals of the theory outlined in the project do not reflect in the "new" Budgetary System of the company and, due to the very important cultural and motivational effects, the future of American Express Ireland Ltd is seen to be negative.