Carlson Thought Leadership in Finance & Technology

Aligning Budget with Strategy

March 21, 2014 / by Ethan Carlson

Most organizations’ budgeting process is not truly aligned with its strategy and key participants are unable to clearly articulate the connections.

As famously proclaimed by former General Electric CEO Jack Welch, "the budgeting process at most companies has to be the most ineffective practice in management."  One of the key reasons for ineffective budgeting is the disconnect between the budget and the company’s broader strategy. While it seems like an issue of common sense, most organizations’ budgeting process is not truly aligned with its[...]

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