C h a p t e r T e n
Targets, Resource Allocation, Initiatives, and Budgets
MANAGERS SHOULD USE their Balanced Scorecard to implement an integrated strategy and budgeting process. The organizational, team, and individual employee processes, described in Chapter 9, align human resources to the business unit’s strategy. But this is not sufficient. The business must also align its financial and physical resources to the strategy. Long-run capital budgets, strategic initiatives, and annual discretionary expenses must all be directed to achieving ambitious ...
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