Following the discussion of how to manage spend costs in decentralised organisations and finding pre-approved e-orders a way to go or lowering the available budget – here is one way to see it.
“It’s a management process that can kill the organization,” declares Player. “It’s part of the dumb stuff that finance does and should stop doing.”
Is it? Both approaches hold the idea that employees tend to “play the system” and probably there is a problem in itself. How to manage cost and improve results without either of them might be a way to go.
Freed from the Budget (via CFO.com)
Budgeting | September 01, 2012 | CFO Magazine In his book Winning, General Electric’s Jack Welch famously griped: “It sucks the energy, time, fun, and big dreams out of an organization. It hides opportunity and stunts growth. It brings out the most unproductive behaviors in an organization, from…