The Breakthrough Budget

Abstract

Today, the most important question that a business must answer is the one that Gary Hamel posed five years ago in Competing for the Future--are you building a legacy or living off of one?

In business today, the nature and pace of change is becoming so rapid and unpredictable, it can no longer be anticipated or managed. Priorities are suddenly shifting from beating the competition to benefiting the customer. Satisfying relationships have become more important than satisfactory returns on investment. Amidst the upheaval, the cry for innovation can be heard everywhere. Yet few have responded. The remainder risk becoming tomorrow's consummate underachievers, determined to get better and better at less and less.

If you are an established enterprise, you are heading in an uncertain future as the proverbial underdog, Latimer suggests. You're going to need a system that stimulates progressive thinking and behavior.

With the Breakthrough Budget approach, organizations will discover that all of the insight and ingenuity they need is already under their own roof.

About the Author

Michael F. Latimer is founder and president of The Truth Squad LLC, an independent consulting practice that helps organizations encourage strategic and innovative behavior.