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Help me The senior management at Lucas's Limited believe the budgeting process has become too time- consuming and costly as each business unit prepares its

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The senior management at Lucas's Limited believe the budgeting process has become too time- consuming and costly as each business unit prepares its budget and then it is consolidated at a higher level. Each business unit manager spends significant time involved in this activity and senior management believe this time could be spent more efficiently managing the day-to-day operations of the business unit. Therefore, they have made the decision to transfer this budget process to senior management as they have to review and approve it anyway. Required a) Briefly describe how this change may impact both senior managers and middle managers/employees b) Lucas's reward employees in individual business units based on the achievement of the financial budget. Advise management of anu unintended consequences of this practice and what actions could be taken by Lucas to manage any negative outcomes

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