TITLE

Tips for Driving Optimal Budgeting

PUB. DATE
December 2002
SOURCE
Financial Executive;Dec2002, Vol. 18 Issue 9, p11
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article reports that the Peak Performance Consulting Group is offering tips for establishing an optimal budgeting process. Peak Performance Consulting Group, which is located in Grand Rapids, Michigan, recommends a five-step process that is time efficient and produces results. The steps include: avoiding incrementalism by working backward from a determined goal instead of using the "last year plus 10%" method; making a commitment to realistic change that is based on market opportunity, corporate capacity, and available resources; developing an effective decision making process; implementing the strategy efficiently; and communicating to employees their role in reaching organizational goals.
ACCESSION #
8710374

 

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