The Strategy-Focused Organization

C H A P T E R   E L E V E N

Planning and Budgeting

INTEGRATING THE BALANCED SCORECARD with the organization’s planning and budgeting processes is critical for creating a Strategy-Focused Organization. Most organizations use the budget as their primary management system for establishing targets, allocating resources, and reviewing performance. Yet more than half of surveyed companies indicated that their budgeting and performance review processes were done separately from the strategic planning process. With budgets serving as the primary means used ...