6 Steps for Linking Corporate Strategy to the Budget

The budget is supposed to be the tool by which an organization transforms its strategy into action. But studies show that in up to 60% of organizations the budget works in isolation, without reflecting strategic goals or long-term operational plans. Linking strategies to the budget is one of the most challenging of all management activities. In the absence of this link, formulating the budget is a time and labor intensive activity that fails to deliver real value.

6 Steps for Linking Corporate Strategy to the Budget is a groundbreaking white paper that details a step-by-step methodology for turning the budget into a vital tool in an overall performance management strategy. It illustrates with examples how organizations that adopt this approach are able to allocate resources to the activities that drive value, providing a clear and direct pathway to the successful execution of strategic and operational plans.

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