Home » Phase II: The budget is discontinued when firm is ready

Phase II: The budget is discontinued when firm is ready

Phase II introduces the CEO and CFO to OIS’s exhilarating qualitative advantages for the firm. Specifically, moving from a one with a budget focused on cost-min with an income statement focused max-profit possible.

The advantages include:

  1. the departmental managers being relieved of the traditional budget’s dis-incentives
  2. employees being proud of the firm’s executive team which is focused on best possible profit 
  3. departments’ managers being motivated to directly impact firm’s productivity by using their knowledge of their departments’ activities to  improve their departments’ productivity

 

 

hr tutorial

 

 

Comments are closed.