Budgets and budgeting

Extreme uncertainty can tempt an organization to abandon budgeting. Consider your options instead.

By utilizing the reality show format, corporations can create a more effective forum for pitching innovative products.

It's time for a more rational, disciplined, value-oriented framework.

Operational budgets usually consist of a projected income statement and a series of supporting statements, such as budgeted sales, production costs and...

Today’s technology can put adjusted present value into the arsenal of every general manager.

The performance measurement system in many decentralized companies actually works against good management. It encourages profit center managers to cover...

Be honest with your peers and managers during the budgeting process to avoid issues later.

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Green initiatives can, by reducing costs, enhance a company’s bottom line. Actions that harm the environment can have the opposite effect. Now, thanks to a burgeoning market in greenhouse gas emission credits put into effect by the Kyoto Protocol, environmental considerations will increasingly affect not only companies’ income statements but also their balance sheets. A […]

It can work, but only with a huge amount of effort.

Paragon Tool is pouring money into growth initiatives. How long can it afford to wait for profits to bounce back?

Eight ways to re-position for growth as the economy improves.

Creating a budget can stress both managers and their employees. The resolution? Depersonalize the process to ease tension and anxiety.

This article contends that to be effective every formal long-range planning system must achieve a compromise between “creativity” and “practicality”—goals for planning that are often in conflict. The authors also argue that the problem of maintaining a satisfactory balance can be directly addressed by varying the design features of the planning/budgeting interface. After specifying the […]

The financial worries of New York City in the early 1970s began registering in the bond market in October 1974, when the city first encountered difficulty selling its securities. These problems reached a crisis stage in 1976, and it was not until then that the bond rating services reduced the city’s bond rating. In this […]

You’re insured and hedged against many risks—but not the greatest ones, the strategic risks that can disrupt or even destroy your business. Learn to anticipate and manage these threats systematically and, in the process, turn some of them into growth opportunities.

Thanks to the credit crisis, companies are scrambling for cash. Time to take a cold, hard look at the way you manage working capital.

Blake Memorial Hospital was in poor financial health, due to rising costs and stagnating revenues. The hospital's quality of care was also a major problem,...

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Outsourcing pay decisions to financial markets has skewed compensation and, with it, American capitalism.