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Budget Development Best Practice 1 – Maintain Confidentiality During Budget Development

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Budgets are the financial representation of an organization’s business plan. As such, they convey a great deal of information regarding the organization’s direction - its ongoing operations, market pursuits, future investments, and staffing levels.
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Recommended Resource – The No Asshole Rule

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The No Asshole Rule: Building a Civilized Workplace and Surviving One That Isn’t
by Robert Sutton

About the Reference

The No Asshole Rule by Robert Sutton provides methods for constructively dealing with the workplace bullies, creeps, jerks, tyrants, tormentors, despots, backstabbers, and egomaniacs – regardless if they are seniors, peers, or subordinates. His research provides insight to the financial costs such hostilities have on an organization as well as the proven methods for effectively dealing with such ill-mannered individuals.

Benefits of Using this Reference

StrategyDriven Contributors like The No Asshole Rule because its well researched strategies for dealing with hostility in the workplace provide effective methods for isolating these negative influences and restoring personal effectiveness. We further appreciate the insight Dr. Sutton presents to enable the reader to recognize instances where his/her behavior creates workplace hostility and how to eliminate such behavior.

We believe workplace hostility is a leading contributor of diminished moral, reduced productivity, and elevated attrition; all of which poison an organization’s culture and hurt its bottom line. (See StrategyDriven‘s Diversity and Inclusion topic area.) Effectively dealing with such hostility not only benefits the organization but helps the individual by reducing stress and increasing effectiveness. Dr. Sutton’s actionable methods for recognizing, isolating, and dealing with workplace hostilities – for becoming part of the solution rather than a perpetuator of the problem – in a manner that improves individual productivity makes The No Asshole Rule a StrategyDriven recommended read.

Corporate Cultures – Supervisor Initiated, Rules and Standards Controlled Environment

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The Supervisor Initiated, Rules and Standards Controlled Environment is the centerpoint of StrategyDriven Culture-base Work Performance Model. This culture set represents a moderation of most benefits and risks. Subsequently, organizations can more easily flex in the cultural direction needed to implement a change. Conversely, these moderated cultural characteristics may lack the significant intensity necessary to rapidly drive change.

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Recommended Resource – How to Win Friends & Influence People

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How To Win Friends and Influence People
by Dale Carnegie

About the Reference

How To Win Friends and Influence People by Dale Carnegie is the timeless classic that reveals how leaders can engage and motivate individuals to become teams; joining together to achieve a common purpose and produce more than the sum of their singular efforts. This book unveils:

  • The six ways to make people like you
  • The twelve ways to win people to your way of thinking
  • The nine ways to change people without arousing resentment

Benefits of Using this Reference

StrategyDriven Contributors like How to Win Friends and Influence People because is provides the reader with easily understood and actionable methods of influencing people without being manipulative; engaging and motivating them to achieve more together than they could as individuals.

StrategyDriven Contributors believe that while leaders naturally act to serve and promote their self interests, it is equally important to benefit those who are supporting those initiatives. Dale Carnegie’s prescription for advancing one’s agenda is a benevolent, win-win approach that influences instead of manipulates. His ‘honorable’ approach to winning people’s support makes How to Win Friends and Influence People a StrategyDriven recommended read.

Budget Development Warning Flag 1 – Division by Twelve Budgeting

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Annual budget development is often time consuming and tedious, one of the evil necessities of managing a business. Subsequently, managers frequently seek shortcuts to reduce this burden; one such burden reducing action being the equal distribution of budget revenues and expenditures during each of the fiscal year’s twelve months.
Hi there! This article is available to StrategyDriven Personal Business Advisor Remote Access and Dedicated Advisor clients and those who subscribe to one of the article's related categories. If you're already a Remote Access or Dedicated Advisor client or a related category subscriber, please log in to read this article. Not a client? We'd love to have you on board. Check out our StrategyDriven Personal Business Advisor service options.