| Excerpt from WWW.FullCost.COM, © 2020 N. Dean Meyer and Associates Inc.
RESOURCE-GOVERNANCE CHALLENGES
FACED BY
ENTERPRISE EXECUTIVES
(CEOs, COOs, CFOs, GMs)
FullCost is the key to disciplined business planning and to aligning resources with strategy execution.
Strategic cost cutting
You've got to cut spending, and you want to replace across-the-board cuts with a rational, strategy-driven approach.
Determining the right budget for each organization
How do you decide what the right level of funding is for each department or functional area?
Aligning budgets with strategies
Budgets are based on prior years and planned spending, not strategies and investment opportunities.
Knowing the true enterprisewide cost of strategies
You make go/no-go decisions on strategies half blind, not knowing the enterprisewide costs of each strategy.
Strategy execution
How do you translate enterprise strategies into individual accountabilities, and ensure that all the pieces add up to successful execution?
"Dean Meyer is on the leading edge of thinking about how to use financial and budgeting processes to assure [your organization's] complete alignment with your business strategy and plans.
You can use this process to transform your company." |
Loren G. Carlson
Chairman, CEO Roundtable |
Are we getting good value?
How can you know that you're getting good value (compared to outsourcing) from internal service providers?
Culture of accountability
How can you hold leaders accountable not just for limiting their spending, but also for delivering results?
Next generation of leaders
Your leaders run major parts of the business, but have a weak understanding of their own financials and entrepreneurial thinking.
Outgrowing the Founder-CEO
The top executive (perhaps the founder) grew the firm to this point, but now seems to be a constraint to growth.
Merger integration, consolidations
A merger or internal consolidation should fact-based and participative, not simply winners absorbing losers.
Top ten reasons why enterprises need to know the full cost of products/services in every department....
FullCost: Top ten reasons why enterprises need to know product/service costs
Comprehensive solution....
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