Beyond budgeting: Gaining competitive advantage through strategic changes in budgeting processes

Driving Value Through Strategic Planning and Budgeting

Budgeting and Beyond

1. The statement of the plans of all the departments of the business for a certain period of time in the form of estimates 2. The coordination of these estimates into a well-balanced program for the business as a whole. 3. The preparation of reports showing a comparison between the actual and the estimated performance, and the revision of the original plans when these reports show that such a r...

Beyond Budgeting: The Way Forward?

Beyond Budgeting has been proposed as an influential idea that will reinvigorate management accounting contribution in business operation and performance. It is claimed that the traditional system has lost relevance with the modern business environment and is no longer satisfying the needs of managers. Budgets have been ingrained in the culture of business since their inception in the 1920s and...

Strategic Capital Budgeting : Asset Replacement under Uncertainty

We consider a ...rm’s decision to replace an existing production technology with a new, more cost-e¢cient one. Kulatilaka and Perotti [1998, Management Science ] ...nd that, in a two-period model, increased product market uncertainty could encourage the ...rm to invest strategically in the new technology. This paper extends their framework to a continuous-time model which adds ‡exibility in tim...

Strategic Planning and Program Budgeting for Libraries

THISARTICLE WILL EXAMINE what products and services libraries offer their customers, define some of them, and show how to calculate the full cost of providing them. Program budgeting and cost-finding methodologies are outlined that will help administrators perform “strategic budgeting”-i.e., defining what services to keep, where to cut back, and what to eliminate in their own library.