Funding ongoing operations and strategic initiatives …
There is never enough money to go around. Consequently, effective budget development balances the funding of ongoing operations with that of strategic initiatives in order to maximize achievement of the organization’s mission goals within acceptable levels of risk.
Business leaders face tough decisions when challenged to both fund ongoing operations and strategic initiatives. While not easy, adherence to a well-conceived, impartial budget development approach helps leaders balance competing demands and assign their organization’s limited financial resources in a manner that optimizes business outcomes.
Organization leaders face increasing pressure to accomplish more with less. At no time is this more clear than during development of the annual and strategic, long-term budgets.
Budget planning represents more than a simple assignment of financial resources. The resulting budgets embody decisions by management as to the business’ priorities, how the business will operate and what it aspires to achieve within the marketplace. They also reflect the organization’s values; communicating leadership’s deepest commitments – reflected by what was funded – to all stakeholders.
Focus of the Budget Development Forum
The StrategyDriven Budget Development Forum focuses on the practices of effectively balancing the funding needs of ongoing operations with those of strategic initiatives. The materials within this forum provide how-to guidance for holistically evaluating, deciding, and codifying the organization’s strategic one, three, five, and later year budgets.
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Christopher Conner, President ofFranchise Marketing Systems has been in the franchise industry since 2002 working with several hundred different franchise systems in management, franchise sales and franchise development work.
Roxanne Emmerich, author of Thank God It’s Monday!, transforms negative workplace performance and environments into “bring it on” results-oriented cultures.
Jeffrey Gitomer is the New York Times bestselling author of Little Red Book of Selling, the best-selling sales book of all time.
Nathan Ives is a renown Fortune 500 business advisor and author of Discovering Business Gold, used to identify over $200 million in operational cost savings.
Hank Moore is a renown business advisor, speaker, and author of The Business Tree, revealing his trademarked approach to growing, strengthening, and evolving business.