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Budgets themselves aren’t the problem, but the budget process in most organizations is counterproductive. Traditional budgeting doesn’t facilitate financial tracking or goal-setting.
In addition, people are rewarded for spending their full allotments. Budgeting also wastes time and causes angst, as managers are second-guessed and questioned about minor expenditures and small spending variances beyond their control. Responsibility is diffused, leading to finger pointing. Annual budget processes also slow decision making, delaying projects as long as a year.
What to do instead? To make budgeting honest and effective, those with budget responsibility would do well to follow these six steps:
As the traditional budget season arrives, consider making budgeting a year-round endeavor, and use these tips to implement a productive, sincere, collaborative process. Importantly, include all employees as active participants—and prepare for improvement.
1:00 - 5:00 pm
We are in a period of rapid change. Customer needs, technologies, competitors and internal capabilities require companies to review and update their strategies for the new realities. In this workshop, strategy experts Steve Rutan and Denise Harrison will show you a systematic approach to strategic planning to help you refine or redefine your business strategy and approach including:
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.