Discussion:
Review the article : No Time for Budgets by Edward Teach , from CFO magazine
Answer to the following questions :
Have you experienced (or are familiar with) a budget process? How has it compared to this reading assignment, lecture, or article above?
The lecture describes problems people experience with the budget process and a few recommendations. How would the recommendations correct two of the problems?
What do you see as the pros and cons for changing the budgeting process as described in the article above?