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  • Advanced Budgeting

    01 December 2014
    Horváth & Partners, Member Firm (Germany)

    In many cases, business planning has degenerated to a bureaucratic Leviathan, using up too many unnecessary resources, binding capacities and providing only small benefits for corporate management. According to our research, 96 percent think that an improvement of information quality for planning processes is needed and just as many believe that benefits of planning must be increased. Furthermore, 83 percent wish for a reduction of complexity in planning processes.

    Therefore, Horváth & Partners created a framework for planning in insurance companies. Planning deals with the systematic design of a company’s future. It includes strategy, target setting, operative planning and implementation and provides the foundation for ongoing management control. The 10 Horváth & Partners‘ theses force better planning and control processes especially for Insurances.

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