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Budgets stifle innovation, so should we scrap them?

Posted on July 30, 2014
Posted by Stuart Griffiths
Fellowship: 2014

My head hurts. I have been trying to work out how to get around what seems at a first a rather simple problem.

I work as Head of Research Innovation at Breast Cancer Campaign. When we get an exciting project opportunity that fits with our general strategy in the months before the year end, in the middle of the business planning period, then we are brilliant at grasping the nettle and making it happen. However, if that very same project had developed in the weeks and months after our trustees had approved our plans and budgets then we would struggle to know what to with it.

This issue was bouncing around my head when I arrived at the recently held, and very timely, Clore Social business capability workshops focusing around strategic financial management.

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Tags: Clore Social Fellows; Clore Social Leadership Programme; Finance; Health and well-being; Leadership.

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