Do you have too much money invested in low-priority items? Executives say low-priority initiatives get too much funding, cost-cutting isn’t strategic and budgeting isn’t tightly aligned with strategic planning at their companies, according to research by Strategy&. The Fit for Growth Index Profiler survey revealed:
- Less than a quarter of executives (22%) say budgeting at their company is aligned with strategic planning.
- Most executives (66%) say lower-priority initiatives or areas receive more than their fair share of funding. And 65% of executives say there are substantive businesses, products and/or services in their portfolios that are misaligned with the company’s overall strategy.