Beyond Budgeting

Foreword

Beyond Budgeting may be a provocative title for a book. But do not be misled. This book focuses on the whole general management model, not just the replacement of time-worn, badly managed budgeting processes. Beyond budgeting is not merely a negative idea that trashes budgeting. Instead, it is a positive idea that uses the abandonment of budgeting as a trigger for improving the entire management control process. Budget abandonment forces deeper and broader examination of how organizations should be managed.

Budgeting is at the heart of how nearly all large corporations in the world are managed today. Managers are deeply dissatisfied with it, but few have really challenged budgeting. This book does. It describes an alternative coherent ...