Impact of business forecasting on the performance of micro finance : case study Azzicul

Abstract

The reason for writing this thesis is due to the problem the researcher noticed during internship in the case company. This motivated the researcher to see how they can increase their accuracy through forecasting. As of this case the researcher will forecast on the importance of forecasting on performance. The study looks at the correlation between business forecasting and organizational performance It also recognises the importance of business forecasting. The performance of the business is positively affected by business forecasting. The best performance can be achieved by following the right principles. This is being increase by a good business forecast. Furthermore, it brings out the various approach of business forecasting, and looks more on what brings out the best in a forecasting in business, this brings out the various forecasting theories. On the later part of the thesis, will bring more information on the organization, the system of business forecasting, and the organisational set up. The aim of the thesis will be to evaluate the importance of business on the performance of micro finance, to look at some forecasting techniques that will help to improve on the business performance. The research came out with a framework and went ahead to compare this material with that of the case company. The researcher got the material from internal and external sources, and through academic stud. The case company in question carry out its forecasting base on pass experience. For an organisation to successful, needs to set its rules, policies and its organisational structure in a way that best meets the right forecast for a better performance. This will help to improve about the case company for a better performance.