Strategic Expenditures (StratEx)
John Gross A useful recommendation by Robert Kaplan and David Norton is to create a new expenditure category to protect strategic investment projects and assets from slash-and-burn cost cutting exercises during the economic downturn: "Strategic Expenditures" or "StratEx". In this way, long-term strategic initiatives or programs can be protected when operational inefficiencies have to be rooted out.
Source: HBR December 2008, p.28 (...) Read more? Sign up for free
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David G Wilson In the modern world of economic downturn and business speak such a simple (dare I say common sense!?) solution could be a means of managing that particular and very real risk.