The beyond budgeting concept is an approach developed by the Beyond Budgeting Roundtable (BBRT). The latter is a program of the Consortium for Advanced Manufacturing. The argument posed by the BBRT comes from the fact that organizations need to be more flexible and responsive to deal with unpredictable change, hyper-competition, and increasingly fickle customers, by implementing more effective strategic management (Libby and Murray 30).
This model from the BBRT exposes that barriers derived from the traditional budgeting model shall be overcome by adhering to BBRT’s twelve principles to create a devolved and adaptive organization that gives local managers
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