As companies adapt to an increasingly unpredictable business environment, one thing is certain: The present and the future of work are undoubtedly digital. This reality presents both challenges and opportunities for organizations ready to adapt. Whether empowering hybrid workers to communicate and collaborate from anywhere in the world or managing spending across novel budget categories, businesses will need to be agile and forward-thinking, which requires the right investments to be successful.
Unfortunately, strategic budget development often falls flat, failing to meet the moment or forecast future challenges. As the Harvard Business Review writes, “They start five or six months early with promises of visionary transformations that quickly give way to tedious templates, endless financial forecasts, haggling over targets, and battling for resources.”
