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Why some organizations go “beyond budgeting”
Author(s) -
Player Steve
Publication year - 2003
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.10146
Subject(s) - front (military) , power (physics) , trap (plumbing) , business , operations management , operations research , economics , engineering , meteorology , physics , mechanical engineering , quantum mechanics
The vision of going “beyond budgeting” is to transform the performance potential of anorganization. This is done by freeing the organization from the performance trap of annual budgets and, at thesame time, releasing the full power of people in the front lines. It's a radical approach, but it'sbeen proven, and the potential benefits are both huge and enduring. © 2003 Wiley Periodicals,Inc.