Quote by Frank C. Carlucci
The budget evolved from a management tool into an obstacle to management.
Summary
This quote suggests that the purpose and usefulness of budgets have changed over time. Originally intended to help with managing resources and finances, budgets have now become a hindrance or barrier to effective management. This implies that the time and effort invested in creating and adhering to budgets outweigh the potential benefits they may bring. Perhaps budgets have become rigid and inflexible, preventing managers from making dynamic and adaptive decisions to meet evolving challenges.
Topics
Money
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