APQC studied best-practice organizations in the planning, budgeting, and forecasting process and found that through implementing innovative and successful financial plans, these organizations were able to create:
- sustainable growth,
- continued financial success, and
- ties of accountability and commitment at all levels of their organization.
Learn how Bank of America, Emerson Electric, Nestle Purina Pet Care, and Wachovia:
|
The Best-Practice Organizations
- Bank of America utilizes a Hoshin planning process to support its implementation of Six Sigma.
- Emerson Electric demonstrates effective use of a traditional approach to planning and budgeting.
- Nestle Purina Pet Care links its planning processes to its use of a balanced scorecard.
- Wachovia’s retail bank division has successfully eliminated traditional budgeting, showing how to achieve continuous planning and adaptive control.
0 Responses to “Create a dynamic planning budgeting and forecasting process”
Leave a Reply