By allowing this practice, headquarters made it clear to local managers that product quality and service were at least as important as meeting budget objectives.
There is also scope to trim government spending as a means to meet the budget objectives and constraints, but the political will and electoral concerns make these harder to implement than a tax hike, or so it appears.
"The main question mark for the Portuguese economy is now whether the government can deliver its 2011 budget objectives, and I'm really not sure that the markets are willing to wait for the answer and give the government more time to show whether it can or not," Ms. Casalinho said.
The corporation may find it useful to have an annual two- to three-day board retreat with the senior executives and, where appropriate, outside advisors, at which there is a full review of the corporation's strategy and long-range plans, budget, objectives and mission, financial statements and disclosure policies, risk profile, succession planning and current developments in corporate governance.
A more interesting approach is to look at the budget by "function and superfunction," which presents the budget by objective instead of by type of expense.
Under the assumption of a restricted budget, the objective is to minimize capacity shortages.
It is empirically shown that the approximation does not impair the quality of the obtained solutions given a budget of objective function evaluations, while considerably reducing the computation time in the case of multiple objectives.
Moreover, it is proved that BiMADS is able to locate promising solutions with a tight budget of objective function evaluations, which makes it suitable for large-scale industrial applications.
With the increase of the budget, the objective has broadened as well; within FP6 the Marie Curie programme aims to promote the development and transfer of research competencies, the consolidation and widening of researchers' career prospects, and the promotion of excellence in European research.
Both digital marketing and IT staff work together with common budgets and objectives.
In the coming week or so, the Obama administration will release its much-anticipated Quadrennial Diplomacy and Development Review (QDDR), a new report instituted by Secretary of State Hillary Clinton to benchmark and frame a new approach to managing international development budgets and objectives.
