Article: Figures of hate.(beyond budgeting)

Traditional budgets hold companies back, restrict staff creativity and prevent them from responding to customers. Jeremy Hope and Robin Fraser suggest a better way forward

Independent research into the need to tackle Beyond Budgeting has been mounting ever since we raised the issue in our previous articles (Management Accounting, December 1997 and January 1999). For example, fewer firms are satisfied with their budgeting processes: in a 1998 CFO Europe survey, 88 per cent of respondents said they were dissatisfied with the budgeting mode[1].

Many companies are spending more time on budgeting and less on strategy. Research has shown that 78 per cent do ...

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