Boesen, Thomas. “New Tools for a New Corporate Culture: The Budget-less Revolution.” Balanced Scorecard Report, January 2002.
Borealis, Europe’s leading polyolefin plastics manufacturer, replaced its traditional budget process with four core management systems, including the balanced scorecard. In a Q&A with the Balanced Scorecard Report, Thomas Boesen, the company’s former financial controller, describes the new budgeting and planning approach. One by-product of the new program: four systems focused on the company’s different needs eliminated much of the complexity, confusion, and inflexibility of the old budgeting system.
Gary, Loren. “Breaking the Budget Impasse.” Harvard Management Update, May 2003.
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