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Beyond Budgeting: How Managers Can Break Free from the Annual Performance Trap

Beyond Budgeting: How Managers Can Break Free from the Annual Performance Trap
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Manufacturer: Harvard Business Press
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Beyond Budgeting: How Managers Can Break Free from the Annual Performance Trap Features

ISBN13: 9781578518661
Condition: NEW
Notes: Brand New from Publisher. No Remainder Mark.
 

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Additional Beyond Budgeting: How Managers Can Break Free from the Annual Performance Trap Information

The annual budgeting process is a trap.

The Beyond Budgeting model is built on the best practices of companies that have successfully revised their centralized planning and budgeting processes. In the end, everybody loses-the employee, the company, and ultimately the customer.

Now, finance experts Jeremy Hope and Fraser illustrate how companies can implement these shared visions-and the long-term benefits that accrue from embracing them.

Offering a compelling case for breaking free from the budgeting trap, this book paves the way toward making organizations better places to work for, invest in, and do business with.


It combines a leadership vision that enables fast decision making through appropriate tools and accessible information.

They argue that companies must abandon traditional budgeting contracts in favor of a radical new model that links performance measurement to evolving competitive benchmarks-and shifts the firm's focus from controlling employee behavior to delivering customer value. Pressured by fixed targets and performance incentives, managers focus on making the numbers instead of maximizing potential. With their compensation at stake, managers often resort to deceitful-even unethical-behavior.

Through vivid examples, Hope and Robin Fraser reveal the results of an intensive study aimed at fixing the broken budgeting process.

 

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