Thursday 10 September 2015

Is budgetting sinking strategic planning in your organisation?

According to Jacob lew.." budget is not just a collection of numbers, but an expression of our values and aspirations? "
  We can hardly see any organisation that does not have a well outlined budget in place. They sometimes rely on something to guide them which is thier  budgets.
   But some of organizations have missed it. Why?, because They have allowed the budget to drive the organisation’s vision. Such organizations have worked hardly to develop a well outline budget but may not have realised the need to develop a strategic plan.
  The only thing that drives Organization Budgets are vision and strategic and not vice versa,Most organizations who tried to Reactive in the operations have low level of planning effectiveness.
   The proactive organisations have higher level of planning effectiveness, as they have a comprehensive strategic plan that is conducted for the entire organisation The proactive organisations have higher level of planning effectiveness.
  This tension and gap between resources is what can motivate you to make the hard choices of how you spend your budget; either on past, obsolete activities or future-oriented priorities. We should avoid the temptation of not giving adequate time for both the planning and process and integration of planning into budgeting. As organisations and leaders, we should not rush too fast into budgeting and leaving planning to hang loose..

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