Is your organisation ready for beyond budgeting?
Traditionally, budgeting is considered to be one of the most important management tools to steer the organisation, evaluate its performance and motivate its people. However, criticism of the budgeting process has increased considerably in the past decade. An alternative to budgeting known as ‘beyond budgeting’ has received a lot of attention in recent management literature. Even though the model has a lot of advantages, its implementation proves to be rather difficult in many cases. This article describes the beyond budgeting entry scan, a tool which helps organisations to assess whether they are ready to start the powerful change process of abandoning the budget.
|Year of publication:||2005|
|Author:||A.A. de Waal|
|Published in:||Measuring Business Excellence, vol. 9, no. 2, 2005|