The Purpose-Driven CFO Part 2: Is it Time to Bin the Budget?
By Andy Burrows
[First published 9 February 2017]
[This article is also on LinkedIn - why not "Follow+" Andy and give the article a "like"?]
This is part of a series of articles looking at Finance activities, and basically asking 'why?' The premise is that understanding why we do things helps us to do them better. It may even fundamentally change the way that we do them. If you haven't seen it already, take a look at the introductory article that explains the approach I'm taking: The Purpose-Driven CFO Part 1: Introduction
The Budget – What’s it for?
In this second article in my series on Purpose-Driven Finance, I want to focus on one of the most widespread headaches that the CFO has to manage – the budget.
Of all the energy-sapping, life-draining, activities in Finance, the annual budget process seems to be the most hated. In almost every big business I’ve worked with, anyone involved in the annual budget process has had complaints about it. And the...
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