New paths to dramatically improve your planning and control processes
✍ Scribed by Steve Player
- Publisher
- John Wiley and Sons
- Year
- 2007
- Tongue
- English
- Weight
- 93 KB
- Volume
- 18
- Category
- Article
- ISSN
- 1044-8136
No coin nor oath required. For personal study only.
✦ Synopsis
Abstract
The Beyond Budgeting framework is a new approach for organizational planning and control. Depending on the people and the culture, an organization can take either a revolutionary or an evolutionary approach to implementation. Three common traits required by a move to continuous planning and adaptive controls are: (1) a degree of enlightened leadership that allows innovation; (2) commitment to change culture and behaviors as well as processes; and (3) utilization of fast, open information systems. The organizations taking these approaches are better prepared to create lean, ethical, and adaptive organizations. © 2007 Wiley Periodicals, Inc.