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Beyond Budgeting

How Managers Can Break Free from the Annual Performance Trap
By:Jeremy Hope; Robin Fraser
Publisher:Harvard Business Review Press
Print ISBN:9781578518661
eText ISBN:9781422163252
Edition:0
Format:Reflowable

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The traditional annual budgeting process--characterized by fixed targets and performance incentives--is time consuming, overcentralized, and outdated. Worse, it often causes dysfunctional and unethical managerial behavior. Based on an intensive, international study into pioneering companies, Beyond Budgeting offers an alternative, coherent management model that overcomes the limitations of traditional budgeting. Focused around achieving sustained improvement relative to competitors, it provides a guiding framework for managing in the twenty-first century.

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