Effective budget management centers on the responsible, proactive deployment of financial resources to achieve mission goals… not the hoarding of funds or stifling of activities needed for business growth.
Financial resources represent the lifeblood of all organizations without which an enterprise itself cannot survive. Consequently, budget management practices and skills are a critical competence of both the business as a whole and its individual leaders.
Organization leaders are under increasing pressure to more aggressively manage their budgets… more often than not translatable to cutting their budgets. But budget cuts and the accompanying hoarding or not deploying an organization’s financial resources often impairs the very operations necessary for sustainment and growth. Instead, proactive budget management should be employed.
Proactive budget management embodies the active management and control of financial resources while thoughtfully considering alternative approaches to operations that yield desired outcomes in a more cost effective way. Such management applies the principles of ongoing monitoring, deliberate control, impartial and self-critical assessment, and proactive improvement to the use of financial resources.
Focus of the Budget Management Forum
The StrategyDriven Budget Management Forum focuses on the practices enabling responsible management of an organization’s financial resources. The materials within this forum provide how-to guidance for proactively overseeing and deliberately controlling an organization’s approved budget.
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Kim Ades is President of Frame of Mind Coaching and one of North America’s foremost experts on performance through thought management.
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.
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.