In 1988, when his company achieved $1 million in revenue and was employing 10 staff, the founder of Jacobsen Landscape Design & Construction, USA, decided the business was large enough to introduce more sophisticated management tools. A budgeting and business planning cycle was introduced and good management controls established. Profit analyses were prepared for all jobs, and income statements were closely monitored against budgets on a monthly basis. Department managers were kept closely invol...

BPIR Categories

11.1.1 Develop budgets
8.2.5 Leaders review org performance/capabilities

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