Why budgeting kills your company

Aug 26 2003 by Brian Amble Print This Article

Here's a radical thought. Has your organisation's budget process really helped you do a better job of belt tightening during the current slowdown? Probably not. So why bother with a budget process at all?

"The answer, some experts say, is to dispense with budgets entirelyóand replace them with a system of rolling forecasts and key performance indicators that shifts strategic decision making to customer-facing edges of the organization."

Harvard Business School | Why budgeting kills your company