Aligning Financial Management with Strategic Goals

Bernard Marr and James Creelman
Additional contact information
Bernard Marr: Advanced Performance Institute
James Creelman: Advanced Performance Institute

Chapter 7 in More with Less, 2011, pp 134-156 from Palgrave Macmillan

Abstract: Abstract Let’s take a look at the UK’s North East Lincolnshire Council — a public sector organization that ended up in a severe financial crisis which led to the council being rated “the worst council in England” by the UK’s Audit Commission. As background, the Audit Commission discovered that the council was planning to spend more money than it actually had, even when taking into account its general fund reserves. To address the budgetary problems, the council was forced to make significant job cuts which led to, amongst other negative outcomes, a loss of organizational memory and a fear amongst staff that services would further deteriorate, which they did.

Keywords: Public Sector; Strategic Goal; Balance Scorecard; Budget Process; Public Sector Organization (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30040-8_7

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230300408

DOI: 10.1057/9780230300408_7

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().