Beyond Budgeting

How Managers Can Break Free from the Annual Performance Trap

Author: Jeremy Hope,Robin Fraser

Publisher: Harvard Business Press

ISBN: 9781578518661

Category: Business & Economics

Page: 232

View: 9144

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In their groundbreaking book, authors Jeremy Hope and Robin Fraser show how organizations can break free from the annual budget trap once and for all. Beyond Budgeting is not a new financial-planning process - it is an alternative, coherent management model that enables companies to manage performance through processes specifically tailored to today's volatile marketplace. Hope and Fraser spent five years studying a wide range of international companies - from a global corporation to a small charity, from a bank to a ball-bearings manufacturer - that have already abandoned traditional budgeting to varying degrees. From these pioneering experiences, the authors have distilled a set of guiding principles that will take any company beyond budgeting to a whole new level of competitiveness. Based on the decision-making needs of front-line managers, Beyond Budgeting enables readers to take advantage of two major opportunities: 1) a set of adaptive management processes that replace centrally controlled, predetermined goals with self-regulating, relative competitive benchmarks, and 2) the transfer of power and decision-making authority from the center of the organization to the front line.
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Implementing Beyond Budgeting

Unlocking the Performance Potential

Author: Bjarte Bogsnes

Publisher: John Wiley & Sons

ISBN: 0470405163

Category: Business & Economics

Page: 216

View: 974

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Written by Bjarte Bogsnes, Beyond Budgeting pioneer, Implementing Beyond Budgeting reveals best practices from actual cases where the author headed up implementation of Beyond Budgeting in large global companies. Beginning with a Foreword by Robert Kaplan, cofounder of the Balanced Scorecard, this book reveals how your organization can maximize a performance climate with teams committed to a common purpose, shared rewards, and sustained value creation. This innovative book lucidly presents how every organization can release the ambition and energy of its people who were previously slaves to the budgeting process.
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Beyond Budgeting

Author: Hassan Moeini

Publisher: GRIN Verlag

ISBN: 363886152X

Category:

Page: 28

View: 796

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Seminar paper from the year 2005 in the subject Business economics - Investment and Finance, grade: 1,6, University of Wales, Newport, 32 entries in the bibliography, language: English, abstract: This report will discuss the advantages and disadvantages of budgeting. It will demonstrate the effects of applied budgeting in today's enterprises. Alternatives to the traditional budgeting process will be given; consisting of "Better Budgeting" as an improvement of the system and "Beyond Budgeting" as a way of abolishing the whole process.
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Lean Enterprise Software and Systems

First International Conference, LESS 2010, Helsinki, finland, October 17-20, 2010, Proceedings

Author: Pekka Abrahamsson,Nilay Oza

Publisher: Springer Science & Business Media

ISBN: 3642164153

Category: Computers

Page: 185

View: 8075

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The LESS 2010 conference was the first scientific conference dedicated to advancing the “lean enterprise software and systems” body of knowledge. It fostered interactions by joining the lean product development community with the agile community coupled with innovative ideas nurtured by the beyond budgeting school of thinking. The conference was organized in collaboration with the Lean Software and Systems Consortium (LSSC). The conference is established as a conference series. The idea of the conference was to offer a unique platform for advancing the state of the art in research and practice by bringing the leading researchers and practitioners to the same table. Indeed, LESS 2010 attracted a unique mix of participants including academics, researchers, leading consultants and industry practitioners. The aim of the conference was to use this diverse community to advance research and practical knowledge concerning lean thinking within the field of software business and development. LESS 2010 had more than 60% of its speakers come from the industry and the remaining from academia. LESS is poised to grow as we advance into future iterations of the conference and become the conference for lean thinking in systems and software development. Its growth and credibility will be advanced by the communities and knowledge exchange platform it provides. LESS offers several avenues for knowledge exchange to create a highly collaborative environment. Each year, we aim to bring novelty to a program that fosters collaboration, letting new ideas thrive during and after the conference.
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Review of Management Accounting Research

Author: Magdy G. Abdel-Kader

Publisher: Springer

ISBN: 0230353274

Category: Business & Economics

Page: 574

View: 841

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A comprehensive review of contemporary research in management accounting. Provides a thorough critical analysis of recent issues published in the management accounting literature and identifies gaps for future research in each issue reviewed.
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Budgeting Practice and Organisational Structure

Author: David Dugdale,Stephen Lyne

Publisher: Elsevier

ISBN: 9780080965918

Category: Business & Economics

Page: 224

View: 6370

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Budgeting is at the heart of the performance management process for most companies. However, some argue that many companies today are dissatisfied with budgeting. It is seen to be costly and time-consuming; it inhibits action and causes organisational problems. The influence of the "Beyond Budgeting" model has caused many major companies, including Toyota, to abandon traditional budgeting altogether. Should other companies follow suit? Budgeting Practice and Organisational Structure explores the changes in budgeting through a survey of financial and non-financial managers. Concerns include: The attitudes of managers towards budgeting models How budgetary practices have changed What problems budgeting can cause The effects of budgets on overall company performance. This report reveals that there’s little evidence to suggest widespread dissatisfaction with traditional budgeting. However, to enable a company to perform at its best, understanding budgeting in context is essential and it is imperative that budgeting works in tandem with other control systems and organisational structure. Original research funded by the Chartered Institute of Management Accounting Reveals the realities of budgeting models in practice Includes interviews and surveys of actual businesses
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Managing in Dynamic Business Environments

Between Control and Autonomy

Author: Katarina Kaarbøe,Paul N. Gooderham,Hanne NËrreklit

Publisher: Edward Elgar Publishing

ISBN: 1782544534

Category: Business & Economics

Page: 264

View: 6118

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This timely and innovative book focuses on budgeting control and ongoing Beyond Budgeting trends and its consequences for the organization.
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The Execution Premium

Linking Strategy to Operations for Competitive Advantage

Author: Robert S. Kaplan,David P. Norton

Publisher: Harvard Business Press

ISBN: 1422163636

Category: Business & Economics

Page: 336

View: 511

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In a world of stiffening competition, business strategy is more crucial than ever. Yet most organizations struggle in this area--not with formulating strategy but with executing it, or putting their strategy into action. Owing to execution failures, companies realize just a fraction of the financial performance promised in their strategic plans. It doesn't have to be that way, maintain Robert Kaplan and David Norton in The Execution Premium. Building on their breakthrough works on strategy-focused organizations, the authors describe a multistage system that enables you to gain measurable benefits from your carefully formulated business strategy. This book shows you how to: Develop an effective strategy--with tools such as SWOT analysis, vision formulation, and strategic change agendas Plan execution of the strategy--through portfolios of strategic initiatives linked to strategy maps and Balanced Scorecards Put your strategy into action--by integrating operational tools such as process dashboards, rolling forecasts, and activity-based costing Test and update your strategy--using carefully designed management meetings to review operational and strategic data Drawing on extensive research and detailed case studies from a broad array of industries, The Execution Premium presents a systematic and proven framework for achieving the financial results promised by your strategy.
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