Comments on: Bottom up budgeting creates waste. Top down! https://berkonomics.com/?p=2312&utm_source=rss&utm_medium=rss&utm_campaign=bottom-up-budgeting-creates-waste-top-down Dave Berkus' business insights Wed, 09 Dec 2015 20:09:45 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: shaun arora https://berkonomics.com/?p=2312&cpage=1#comment-75161 Wed, 09 Dec 2015 20:09:45 +0000 https://berkonomics.com/?p=2312#comment-75161 I meant to post this a while ago. Your words resonated with me. Budgets are a valuable tool for fiscal prudence and a best practice. In our experience, they can also lead to wasteful spending, CYA report creation, and a slowdown in innovation. At NEO Tech, we like to say that budgets can be a waste of money, and we recently made a movie to help illustrate that:

https://vimeo.com/123209013

NEO Tech: Budgets are a Waste of Money from NEO Tech on Vimeo.

]]> By: Jason Peterson https://berkonomics.com/?p=2312&cpage=1#comment-66396 Thu, 09 Jul 2015 07:51:03 +0000 https://berkonomics.com/?p=2312#comment-66396 Great points! One of my favorite posts.

]]> By: John Biggs https://berkonomics.com/?p=2312&cpage=1#comment-66373 Wed, 08 Jul 2015 15:57:10 +0000 https://berkonomics.com/?p=2312#comment-66373 Thanks for the new post. Couldn’t agree more. There are cost factors associated with units of revenue by vertical market, rooms occupied in hotels, per barrel of oil in natural resources etc. Need to know volumes of work sold however they’re unitized before you can project costs.

]]> By: Cricket Lee https://berkonomics.com/?p=2312&cpage=1#comment-66361 Wed, 08 Jul 2015 12:03:40 +0000 https://berkonomics.com/?p=2312#comment-66361 This was a very insightful article. I like the fact that you set the goals and perameters, and then your people can let you know if it is unrealistic or needs to be changed and sell you on the reasons instead of allowing inefficiencies in at the beginning. Thanks Dave! I read every one of your posts and find they have helped me much!

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