Does the budget alone empower your managers?
We pour a massive amount of time and energy into our budgets once a year. We have realised that by involving our cost centre managers, our line managers, and our people in the field in drawing up the budget, they are engaged and empowered and more likely to buy into the budget and its results. But what then? If it’s a once-off exercise that doesn’t tie back into anything of value, it may have the opposite effect on your team; with the recognition and empowerment they felt bei