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Identify potential funding sources for both upfront and ongoing costs. Determine the budget lines that will pay for your proposal or describe the financing for it. If future cost savings will fund the initiative, show the payback calculation. Provide a cost-benefitanalysis.
You cannot separate leadership from decisioning, for like it or not, they are inexorably linked. Conduct a Cost/BenefitAnalysis : Do the potential benefits derived from the decision justify the expected costs? What if the costs exceed projections, and the benefits fall short of projections?
Assess : Put the idea through a risk/reward and cost/benefitanalysis. Champion : Senior leadership must champion any new idea being adopted. " Regards, Leadership Freak Dan Rockwell [link] Bob MacNeal Mike, Thanks for this helpful post. Senior leadership must champion any new idea being adopted.
Crucially, this will require public leadership, challenging the prevailing ideology which limits the role of public actors to simply de-risking or facilitating the real heroes — the private sector wealth creators, like risk-loving entrepreneurs — while waiting for the market to find solutions. billion in public support.
Another tip: “Make sure you have the name and contact details of the person in finance with whom you’ll be dealing with,” says Pearce. “Don’t walk away, and don’t give up,” he says, “Work your way up the food chain and take it to the top” of the executive leadership if you need to.
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