Beyond budgeting approach, Strategic Management

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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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