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Step 1 -- Aligning Resource Allocation and Budgeting with Strategic Goals.

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ID: 3994

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Words: 871

Published: Pre-2019

Delivery Format: Online

 

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Introduction

Using the Integrated Resource Allocation Model as a framework, Best Practices
LLC conducted both secondary and primary research on this important subject.
Primary research was conducted in the form of a "Benchmarking Exchange,"
involving 15 companies widely perceived to be world-class in allocating
resources. This particular document identifies the best practices in the area
of aligning such systems with the overall company goals. Practices in this
document focus on insights gained from Corning, MEA Credit Union, United
Nations Credit Union, plus the 15 survey participants.


Examples of aligning the resource allocation process with strategic goals

Corning Telecommunications Products Division (TPD)
Corning TPD, a Malcolm Baldrige National Quality Award Winner, has a strategic
planning process whose integrated sub-elements make it highly effective in
aligning Strategy Development, Resource Allocation, Strategy Deployment, and
work-unit project activities. This integrated approach to strategy is a
cornerstone in Corning TPD's "Plan to Win" and its market share dominance of
the fiber optics industry ...

Industries Profiled:
Miscellaneous; Manufacturing; Pharmaceutical; Banking; Consumer Products; Telecommunications; Biotech; Health Care; Publishing; Medical Device


Companies Profiled:
Corning; Sanofi-aventis; MEA Credit Union; United Nations Credit Union; Coca-Cola; Black & Decker; Motorola; GlaxoSmithKline; Pfizer; Reader's Digest; AT&T; Verizon; Sara Lee; Becton Dickinson; Johnson & Johnson; Mallinckrodt; Pitney Bowes

If you purchase Best Practice Database document(s), you will have 30 days from the date of purchase to apply some or all of the cost of the document(s) toward the cost of a Full Access Individual, Pharma, Group or University Membership. Write us at DatabaseTeam@bestpracticesllc.com or call David Guinn at 919-767-9179 if you have any questions.

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