Field Notes
On the Frontier
This is a living laboratory. It features experiments in human-AI collaboration, creativity, and business management.
MBA Boot Camp: Budgeting & Forecasting (3.3)
A budget is just a financial translation of a company's strategy.
Top-Down Budgeting: The CEO and CFO look at the economy and dictate targets. ("We need to cut costs by 10%, every department gets less money this year.")
Bottom-Up Budgeting: Managers calculate exactly what they need to achieve their goals and send the requests up the chain.