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Sorry, You've Used Up All of Your Meeting Budget

Next Level Blog

» January 12, 2011 Sorry, You’ve Used Up All of Your Meeting Budget Recently, I spoke about leadership to a group of newly promoted senior managers.   Every manager gets an annual meeting budget.    Every manager gets an annual meeting budget

Budgeting 174
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Budget Management Best Practice 1 – Line Item Awareness

Strategy Driven

The primary organizational responsibility of every executive and manager is the diligent management of resources. This oversight is clearly expressed through the effective management of an executive or manager’s assigned budget. In many cases, this budget includes revenue generation as well as expenditures.

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Budget Development Best Practice 1 – Maintain Confidentiality During Budget Development

Strategy Driven

Budgets are the financial representation of an organization’s business plan. Therefore, managers should ensure an appropriate degree of budget confidentiality is maintained throughout the development process. You just finished reading Budget Development Best Practice 1 - Maintain Confidentiality During Budget Development !

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Budget Development Warning Flag 1 – Division by Twelve Budgeting

Strategy Driven

Annual budget development is often time consuming and tedious, one of the evil necessities of managing a business. Subsequently, managers frequently seek shortcuts to reduce this burden; one such burden reducing action being the equal distribution of budget revenues and expenditures during each of the fiscal year’s twelve months.

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Budget Management Warning Flag 1 – Across the Board Cuts

Strategy Driven

As business slows and revenues decline, executives demand managers reduce spending and increase production efficiency. You just finished reading Budget Management Warning Flag 1 - Across the Board Cuts ! Copyright 2007-2011 by StrategyDriven, Inc. Waste cannot be tolerated and must be rooted out.

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Small Business Resolutions for 2011

Coaching Tip

The key to improved results is innovative actions that, while they stick within the limits of your budget, also take you in exciting new directions. Here are some resolutions to help small or mid-sized businesses innovate in 2011. . Be proactive in 2011. . Resolve to take the proverbial bull by the horns in 2011.

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Servant-Leadership 101: Nonpartisan Lesson (Moneyball Movie Example)

Modern Servant Leader

Billy Beane was manager of the Oakland A’s Major League Baseball team, when their player salary budget was slashed. He knew they could not compete with major budget teams like the Yankees and Red Sox through traditional means. September 23, 2011. So, Beane set out to find a new approach. MOVIE CREDIT. Sony Pictures.

Examples 130