Unearthing the Pitfalls: The Hidden Dilemmas of Bottom-Up Budgeting
Unveiling the Downside of Bottom-Up Budgeting.
Limited Strategic Alignment
May lack overarching organizational goals.
Focusing too narrowly can hinder holistic growth.
Requires significant time and resources.
Potential for Duplication
Overlap in budget requests is common.
Difficulty in Resource Allocation
Allocations may not align with priorities.
Challenges in Oversight
Monitoring numerous small budgets can be complex.
May struggle to respond to rapid changes.
Balancing Bottom-Up with Top-Down
Harmonizing approaches for optimal results.