Beyond budgeting approach, Strategic Management

The beyond budgeting approach may include the following:

Use of rolling budgets concentrating on cash forecasts and not cost control.
Budgets revised more frequently and a shorter time horizon when forecasting.
Performance measures using frameworks like the balanced scorecard, developed to achieve improvement, with benchmarking for continuous improvement, rather than an internal focus on actual versus budget and cost control.
Benchmarking for continuous improvement.

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