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3 Steps to a Simpler Budget Cycle

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jbond
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Supply Network Guru
Re: Buy-in
jbond   8/13/2013 10:57:37 AM
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I agree completely!

nimantha.d
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Supply Network Guru
Re: Buy-in
nimantha.d   8/6/2013 10:06:19 PM
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@jbond: True in a way you cannot have everyone involved in the decision making process but atleast they should consider the opinions of those and then come into a conclusion.

jbond
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Supply Network Guru
Re: Buy-in
jbond   8/5/2013 10:17:59 AM
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You are correct, too many companies don't let everyone get involved or take everyone's information into account and they end up severely over budget.

Eldredge
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Supply Network Guru
Buy-in
Eldredge   8/4/2013 6:22:56 PM
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WHether the topic is budget related goals, quality improvement, or vision for the future, it is really important to get input and buy-in from as much of your employee bae as possible.

Hailey Lynne McKeefry
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Blogger
Re: no input
Hailey Lynne McKeefry   8/2/2013 7:34:04 PM
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@Flyingscott, i've seen the same thing in tech businesses. At least in part, it can be blamed on too much to do and not enough hours in the day. On the other hand, the cost of not getting everyone involved is huge. Too often, it's the people in the trenches that have the best data.

_hm
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Supply Network Guru
Vision for future
_hm   8/2/2013 5:54:53 PM
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Important part of groth is vision for future. Budget must involve good part for vision and future growth. One needs to be imaginative and take calculated risk.

 

FLYINGSCOT
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Supply Network Guru
no input
FLYINGSCOT   8/2/2013 11:07:15 AM
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The problem I have seen in many high tech companies is that too few people get involved in budget planning and the numbers simply are declared and rolled out with little real world input except from the finance guys.  This makes any step change difficult.  



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