Creative Budget Responses to the

Economic MeltdownLeadership Academy

May 21, 2015

frank@frankbenest.comeileenbeaudry@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