Business departments and functions can contribute to the targeted total by executing the plans that are designed to deliver stable earnings per share (EPS) trends. These plans are part of the company's overall strategy and are monitored to ensure that team members stick to them and deliver the desired results. The focus should be shifted from financial precision to strategic success, turning the targeted outcomes into strategic portfolio guidelines that drive the budgeting and adaptation process. This approach will spark discussions that allocate resources from the strategy down, rather than from individual projects up. Additionally, planning should be done faster and more frequently to allow for adjustments and reduce stress over budget accuracy.
Simplify the process of budget creation with our Budgeting Model template. This template includes ex...
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