N. Dean Meyer

“What is the cost of a proposed strategic initiative?” Think you already know the answer? Not so fast. Sometimes the indirect costs are larger than at first thought. Here’s one way to help sort it out.

Financial processes aren’t just about the numbers. The way you plan and decide budgets, and then track financial performance, has far-reaching impacts on strategy decisions, strategy execution, teamwork, culture, and innovation, as well as cost control. First step is to think of your business as a set of businesses within a business. Here’s how to go about it.