The process of management is not about administering fixed budgets, it is about the dynamic allocation of resources.
Lord Browne, ex-CEO, BP
The ‘beyond budgeting’ approach advocates an alternative approach to budgets. Can this really work in your organisation?
The ‘beyond budgeting’ approach challenges the role of budgets. It also questions whether or not organisations actually need budgets at all. Can we deliver the objectives of a budget through some other means?
New approaches and ideas in business and management techniques normally originate from one of three sources:
- academic institutions such as Harvard Business School (the balanced scorecard)
- management consultancies such as the Boston Consulting ...