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Dynamic Planning
and Budgeting
During rapid growth, conventional planning and budgeting models are rendered obsolete due to the speed of change. Planning assumptions and the strategies that flow from them are often outdated by the time the planning documents and spreadsheets are printed…if not then, certainly within the next quarter or two.
How does a successful growing company, in the midst of dealing with the day-to-day
challenges of running the company efficiently incorporate the impact of the
ever-changing environment (and the ever-changing company itself) into its
plans? The senior management team does not have the luxury to be (nor does
it want to be) constantly in a planning mode.
And, the budget…it must be inexorably linked to business plans. So it
must be modified to support revised plans as well as the ‘actuals’
as they are reported.
TFG has developed dynamic planning
and budgeting models that acknowledge the constant change experienced in growing
companies.
CASB® (Customer
Acquisition, Support & Budgeting Process) offers
an integrated planning/budgeting approach that directly links business plan
changes to the budgeting process.
Likewise, TFG’s ‘Quarterly
Timeout’® planning tool presents an efficient protocol for
senior management to true up its business/strategic plan on a regular basis
by systematically recalibrating key assumptions used in the planning process.
A rapidly growing company must effectively deal with the associated
change by installing flexible planning and budgeting tools. Conventional models
simply aren’t suited to the dynamic world of high growth.