Welsh on budgets
[Contributed by Debbie]
Jack Welsh CEO of General Electric decried the budget as
“... the bane of corporate America. It never should have existed. A budget is this: if you make it, you generally get a pat on the back and a few bucks. If you miss it, you get a stick in the eye or worse.. Making a budget is an exercise in minimisation. You’re always getting the lowest out of people, because everyone is negotiating to get the lowest number”.
Jack Welsh CEO of General Electric decried the budget as
“... the bane of corporate America. It never should have existed. A budget is this: if you make it, you generally get a pat on the back and a few bucks. If you miss it, you get a stick in the eye or worse.. Making a budget is an exercise in minimisation. You’re always getting the lowest out of people, because everyone is negotiating to get the lowest number”.
posted by Lehua at
7:00 PM
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