Purpose – The purpose of this article is to provide tips on managing successful transition of financial control through thoughtful teaching about existing practices. Budgetary transfer during times of transition can be a particularly stressful experience for both seasoned and emerging library leaders. Design/methodology/approach – Explaining the concept of institutional memory, and providing insight on how personality affects fiscal discernment, this article draws on experiences of the author and the literature to provide timely insight on the practicality of successful financial control transfer. Findings – Personalities matter in the grooming and selection of good financial stewards. Ignoring personality in favor of an abilities‐only approach to budgetary management can result in surprisingly negative results. Screening for both ability and attitude results in a winning combination toward transitional success. Originality/value – Accounting and financial skill are the default concern of many budget managers. Coupling these skills with the values of hiring for mission, positive attitude and patience will be a welcome addition to literature on the subject of budget control transfer as readers reflect on past experience. This concept may also be a new perspective for many, as they experience the realities of institutional transition’s effects on budget control.
The Bottom Line: Managing Library Finances – Emerald Publishing
Published: May 6, 2014
Keywords: Leadership; Accounting; Management; Finance; Succession; Budgets
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.
Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.
All the latest content is available, no embargo periods.
“Hi guys, I cannot tell you how much I love this resource. Incredible. I really believe you've hit the nail on the head with this site in regards to solving the research-purchase issue.”Daniel C.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud
“I must say, @deepdyve is a fabulous solution to the independent researcher's problem of #access to #information.”@deepthiw
“My last article couldn't be possible without the platform @deepdyve that makes journal papers cheaper.”@JoseServera