creative budget responses to the economic meltdown leadership academy may 21, 2015...
TRANSCRIPT
Creative Budget Responses to the
Economic MeltdownLeadership Academy
May 21, 2015
[email protected]@gmail.com
Sample Outline for Team Report
Principles Start with end in mind What does audience want to know? Less is more
Outline Challenge & assignment Summary of recommendations Methodology Conclusions Recommendations Call to action
Team Project Run Through
Presentation incl. recommendations (15-20 minutes)
Questions by Board/Executive Sponsors & responses (10 minutes)
Suggestions to enhance the presentation to CM Association (10 minutes) Class Executive Sponsor(s)
Fran David Career Journey Presentation: “Finance for Non-
Finance Staff” What make finance people tick? What are financial “red flags”? How can you increase your financial IQ?
Q & A
Daniel Pink
Themes from Articles “Managing Through Meltdown” “Creating a New Future for a
Downsizing Organization”
Overview1. Structural vs cyclical budget deficits2. Themes from budget messages3. Responding to the economic
meltdown4. Debrief development conversations5. Run through—Team Project #26. Exercise--redesigning services7. Resources, reactions8. Team meetings
Nature of Structural Deficits Business-related deficits
Structural deficits
Budget Messages What are drivers of deficits? What are strategies proposed? What is journey going forward?
Responding to Economic Meltdown
Premises An organization needs to get out in front
of severe cutbacks and take action NOW Typical cutback measures have negative and sometimes unanticipated consequences Cutbacks at margins will not solve fiscal challenge
Responding to Economic Meltdown
Premises (con’t) Redesigning service delivery requires
engaging employees, other departments, and outside partners
Leaders typically need to cross boundaries to redesign services As it reduces resources, an organization needs to target investments Service redesign is a journey
Typical Cutback Measures
Across the board percentage cuts Reductions in travel, training and equipment Deferred maintenance and capital projects Hiring freeze Layoffs Increased fees Reductions in contract services Borrowing from reserves Cutbacks in support staff Protection of “sacred cows”
Organizational Impacts
In terms of organizational climate and employee attitudes, what are some impacts on the organization?
The Productivity Paradox
Debrief Development Conversations
What did you like about the development conversation?
What were the positive outcomes for you?
What felt stilted or uncomfortable?
Team Project Run Through
Presentation incl. recommendations (15-20 minutes)
Questions by Board/Executive Sponsors & responses (10 minutes)
Suggestions to enhance the presentation to CM Association (10 minutes) Class Executive Sponsor(s)
Redesigning County Probation DeptAssumption: Probation Dept of future
does not use probation officers who supervise individual offenders
Redesigning County Probation Dept
Instructions: Go to worksheet Individually respond to questions Discuss in small groups Identify top ideas, including one “wacky” idea
Guidelines for Service Redesign
Focus on mission Identify your customer Manage service demand Identify your core business & shed or off-load non-core responsibilities Re-think service delivery and options Seek strategic partners; provide
resources and other incentives Incorporate several approaches for
addressing budget challenge
Resources Career Compass column
“Developing Finance IQ” “Managing Meltdown” “Creating a New Future for a
Downsizing Organization”
Peer Coaching Who has a challenging or
problematic situation or project at work for which they would like peer feedback & suggestions?
Reaction Panel What resonated with me? What did not resonate with me? What do I have to add?
Assignments Conduct third coaching session
before March 12 Do readings Prepare for Team Project run-
throughs
Team Projects Questions from teams? Assistance needed? Team meetings
Thank you!www.frankbenest.com