#143 Budgeting 2
Key Word
frugal: careful in spending money. 긍정적인 의미로 절약하는
Because our company is frugal, we have to recycle all paper and plastic items.
tight-fisted: not willing to spend or give much money; miserly. 부정적인 의미로 인색한
The company’s tight- fisted owner will not raise the workers’ salaries.
leverage: power, effectiveness; a resource that allows one to enact or perform; to use to advantage. 이익을 위해 이용하다.
We can gain a market advantage by leveraging our network of partners.
panacea: a solution or remedy for all difficulties or diseases. 만병통치약, remedy: 처리방안, 해결책
Some economists say that consumer spending is the panacea for all economic ills.
inertia: lack of activity or interest, or unwillingness to make an effort to do anything. 무력함, 타성
The legislators’ inertia has allowed the budget extension to expire before a solution can be put in place.
put in place: (계획, 조치 등을) 시행/이행하다. (법률, 규정, 규제 등을) 확립하다.
hold someone accountable for: to make someone responsible for what they do and demand a satisfactory reason for it. ~에게 책임지게 하다. 책임을 묻다.
accountable: 책임이 있는, 해명/설명/보고할 의무가 있는
Budgets limit expenditures by holding managers accountable for their project costs.
Dialouge
Budgeting and Innovation
Running a business requires planning for the future.
Thus, in some form or another, most businesses use budgets.
in some form or another: 어떤 방식으로든
Budgets draw a financial roadmap for an organization and help the company learn about itself and its external business environment.
Budgets also limit expenditures by holding managers accountable for their project costs.
However, the biggest criticism of budgets is that they stifle innovation.
stifle: 억압하다. 억누르다.
The Beyond Budgeting Round Table (BBRT) argues that budgeting suppresses trust and empowerment and, therefore, innovation.
suppresses: 진압하다
Indeed, entrepreneurial managers can find themselves in hot water for incurring costs on projects that were not included in their budgets.
in hot water: 곤경에 처하다.
incur: (비용을) 발생시키다, (좋지 못한 상황을) 초래하다, 처하게 되다.
Budgeting, consequently, discourages risk-taking and “big picture” strategies, hindering innovation and change.
hinder: 방해하다, ~을 못하게 하다
Feedback
Original: The Facebook is a good benchmark for my company because Facebook much more global company than us.
Better: Facebook is a good benchmark for my company because it is a global company, and that is what we are striving for.
Original: Is there any disadvantages if I budget? is it right? Yeah, I think the disadvantages to budgeting is very severe and complicated problem. I think it is more severe problem than programming, so I don't want to handle budgeting.
Better: Are there any disadvantages if I budget? is that right? Yeah, I think the disadvantages of budgeting are developing a very severe and complicated problem. I think it is a more severe problem than programming, so I don't want to handle budgeting.
Original: My mother gives my father the monthly allowance, so if my father wants more allowance, then he has to treat well to my mother.
Better: My mother gives my father a monthly allowance, so if my father wants more money, he has to treat my mother well.
Original: My mother is frugal, so I was suffered from the financial problems when I was young, now I earn money, so I'm free.
Better: My mother so tight-fisted that I suffered from financial problems when I was younger, but now I earn my own money, so I'm free.