Kelly Bullis

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October 7, 2012
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Kelly Bullis: I hate budgets

Admit it, most of you hate budgets too.

You're not alone, Jack Welch (CEO of General Electric) says about budgets, "It sucks the energy, time, fun, and big dreams out of an organization. It hides opportunity and stunts growth. It brings out the most unproductive behaviors in an organization, from sandbagging to settling for mediocrity."

Some progressive companies have moved to get rid of the annual budgeting process that tends to prevent managers from seizing opportunities to create value.

Budgets also are known for fostering unethical behavior and conflicts of interest by encouraging folks to submit budgets with low goals, …

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The Nevada Appeal Updated Oct 7, 2012 03:13AM Published Oct 7, 2012 03:13AM Copyright 2012 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.