Beyond Budgeting: How Managers Can Break Free from the Annual Performance Trap
This concise and cogent management study focuses on reforming the traditional annual budgeting process. The authors, both experienced consultants, argue persuasively that the “fixed-performance contract” mode of conventional budgeting increases costs and delays and centralizes decision-making to the point of reduced flexibility and adaptability. In the current rapidly changing business environment (particularly international business), where there’s less of a demand for strictly hierarchical models of … [ Read more ]
Content: Book | Authors: Jeremy Hope, Robin Fraser | Subjects: Finance, Management
Trash The Budget
The annual budget cycle is out of synch with the real-time world of business.
Content: Article | Authors: Jeremy Hope, Robin Fraser | Source: Optimize Magazine | Subjects: Finance, Management