As the fiscal year draws to a close, the annual spectacle of “use it or lose it” budget mayhem unfolds.
Caught in this whirlwind, departmental managers rush to burn through their budgets to avoid potential cuts in the upcoming year. This frenzy results in impulsive purchases, rushed projects, excess inventory, temporary hires, lavish team-building events, and premature contract renewals—all while the essential task of creating value for the company gets sidelined.
This rush-job approach stems from an outdated planning system that values appearances over genuine fiscal responsibility.
Idea for Impact: Consider a move towards more flexible, performance-based budgeting approaches by loosening rigid budget structures.
One phrase I’ve grown to detest in my professional life is, “We do it this way because

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Delegation is crucial but
You can’t solve a problem unless you fully understand it. The quality of your solution is usually tied to how well you define the problem, as the often-misattributed quote goes, “If I had an hour to solve a problem, I’d spend 55 minutes thinking about the problem and five minutes thinking about solutions.
Some HR folks encourage a
Seventy years ago, American advertising executive