Beyond Budgeting

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budgeting process--characterized by fixed targets and performance incentives--is time consuming overcentralized and outdated.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