 This is not an efficient use of managers' time, since they must meet many times to make incremental changes to the budget and then wait for the budget team to process the changes and give the results back to them.Jack Welch, the former CEO of General Electrics, concludes that the budgeting process at most companies has to be the most ineffective practice in management.It sucks the energy, time, fun, and big dreams out of an organization.