Beyond Budgeting: How Managers Can Break Free from the Annual Performance Trap - Hardcover

Hope, Jeremy; Fraser, Robin

Hardcover

ISBN 10: 1578518660 ISBN 13: 9781578518661

Publisher: Harvard Business Review Press, 2003

Synopsis

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budgeting process--characterized by fixed targets and performance incentives--is time consuming, overcentralized, and outdated.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.

About this title

From the Inside Flap

"Beyond Budgeting distills the new management model for the Information Age. This is a book for leaders with the courage and insight to sweep away an enervating management dogma and release the latent wealth in their organizations."
—Gregor Pillen, EMEA Head of Financial Management Solutions, IBM Business Consulting Services

"Hope and Fraser blast away the ‘old’ budget approach in Beyond Budgeting. Their thorough analysis and synthesis of many successful business cases writes the blueprint for competitive success in the current turbulent hypercompetitive economic environment."
—Michel J. Lebas, Professor of Management Accounting, H.E.C. School of Management, France

"Hope and Fraser brilliantly expose what lies at the heart of most failed attempts to foster corporate agility and innovation—the ‘fixed performance contract’ and the low trust mindset in which it is set. Beyond Budgeting is a true paradigm shift!"
—Steve Morlidge, Unilever Bestfoods UK

"Beyond Budgeting has inspired UBS not only to shift its focus away from traditional, detailed budgets but also to take the next steps and implement plans with adequate levels of detail; and further redirect its focus toward trend analysis, scenario planning, and rolling forecasts."
—Peter Thurneysen, UBS AG, Head Group Controlling & Accounting

About the Author

Jeremy Hope and Robin Fraser are Directors of the CAM-I Beyond Budgeting Round Table, a not-for-profit collaborative that looks for better ways of managing performance.

About this edition

• Publisher: Harvard Business Review Press
• Publication date: 2003
• ISBN 10: 1578518660
• ISBN 13: 9781578518661
• Binding: Hardcover
• Number of pages: 336