Beyond budgeting approach, Strategic Management

Assignment Help:

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.

Related Discussions:- Beyond budgeting approach

Capacity planning and pricing, During early 1981 People Express (PX) became...

During early 1981 People Express (PX) became one of the ?rst new entries into the deregulated interstate airline industry. PX's entry strategy was to offer a uniform low-price, no

Cues of unmet demand, what cues that might cause a company to suspect there...

what cues that might cause a company to suspect there is unmet demand for its products or services. How would I design a test to determine whether My suspicions are correct?

Weakness in swot analysis , Weakness: Though Arpanaa has the best amenitie...

Weakness: Though Arpanaa has the best amenities in tow which are not offered by the hotels that are located in and around the town, it runs short of few features such as non veget

Create a chart that plots profit, Excel is often used to perform "what-if" ...

Excel is often used to perform "what-if" analyses. In these, a model that depends on a number of variables is constructed, and the outcomes predicted by the model are determined fo

Strategy and organization analysis, 1. Describe and analyze the environment...

1. Describe and analyze the environment, strategy, and structure of your organization of choice. It is critical to provide evidence for your analysis. 2. Assess the challenges and

Corporate Strategy, Corporate Strategy

Corporate Strategy

Describe about interest cover, Q. Describe about Interest cover? Intere...

Q. Describe about Interest cover? Interest cover = (Profit before interest and tax (PBIT)/ Interest payable) (no. of times) Interest cover shows the safety of e

Sushilicious, What are Woo''s challenges in February 2011?

What are Woo''s challenges in February 2011?

Successful business teams, 1 Explain the characteristics of successful busi...

1 Explain the characteristics of successful business teams 2 Explain the importance of team roles in successful business teams 3 Examine the value of using theoretical models whe

Explorations on leadership, Critically analyse and review the leadership ca...

Critically analyse and review the leadership capabilities of an actual leader-either someone you know or an historical or current leader and clearly identify and link those attribu

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages