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

ISBN-10: 1578518660
ISBN-13: 9781578518661
Edition: 2003
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Description: A new model for budgeting that liberates managers from the annual performance trap. Controversial: Introduces compelling evidence for why the current model of budgeting doesn't work and how it promotes dysfunctional behavior Something new:  More...

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Book details

List price: $38.00
Copyright year: 2003
Publisher: Harvard Business Review Press
Publication date: 4/1/2003
Binding: Hardcover
Pages: 256
Size: 6.42" wide x 9.41" long x 0.93" tall
Weight: 0.902
Language: English

A new model for budgeting that liberates managers from the annual performance trap. Controversial: Introduces compelling evidence for why the current model of budgeting doesn't work and how it promotes dysfunctional behavior Something new: Presents a long-awaited approach for budgeting that allows managers to tie performance measurement to evolving competitive benchmarks Unique solutions: Shows managers how, in the absence of a traditional budget, they can still satisfy budget-related needs such as setting goals, designing compensation and incentive rewards, and measuring performance Moves beyond finance. Explains how Beyond Budgeting has both a financial and managerial component to it, and organizations will not achieve true Beyond Budgeting success unless they implement both. The Beyond Budgeting seminar is running on 17th February in London; 14th May in Edinburgh; 15th October in Manchester and 28th November in Dublin. And the conference is planned for last week in June or first week in July in London - date not yet confirmed. Link for the seminar is http://www.cimaglobal.com/cgi-bin/MASTERCOURSES.storefront/EN/product/1004

Foreword
Acknowledgments
Introduction: Toward a New General Management Model
The Promise of Beyond Budgeting
The Annual Performance Trap
Breaking Free
The Adaptive Process Opportunity: Enabling Managers to Focus on Continuous Value Creation
How Three Organizations Introduced Adaptive Processes
Principles of Adaptive Processes
Insights into Implementation
The Radical Decentralization Opportunity: Enabling Leaders to Create a High Performance Organization
How Three Organizations Removed the Barriers to Change
Principles of Radical Decentralization
Insights into Changing Centralized Mind-Sets
Realizing the Full Promise of Beyond Budgeting
The Roles of Systems and Tools
The Vision of a Management Model Fit for the Twenty-First Century
Glossary
Notes
Index
About the Authors

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