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Leadership Rules: 50 Timeless Lessons For Leaders by Jo Owen

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CHAPTER 37

RESOURCE MANAGEMENT

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What would you do with a scrap of cardboard and some old bottle tops? The kids in the village knew the answer: they made themselves a chequers board. Lack of resources never stopped a successful start up; lack of imagination kills even the greatest firm. Resource constraints exist, but mainly in our heads.

Budget management is one of those basic disciplines all managers learn early in their careers. In larger organisations, the budgets omit the last three zeros: anything less than $1000 or £1000 is simply a rounding error. In the largest organisations, such as government, they omit the last six zeroes. Anything less ...

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