9780077121891
 

Budgeting Practice and Organisational Structure

All Categories > Business, Finance & Economics > Organization Behavior

Authors: David Dugdale, Stephen Lyne
  • ISBN: 9780080965901
  • Price: LE 128.60
  • Special Offer Price: LE 102.88
  • Number Of Pages: 224
  • Edition: 1 Edition
  • Publication Date: 2010
  • Categories Organization Behavior  
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Description:

Budgeting is at the heart of the performance management process for most companies. However, some argue that many companies today are dissatisfied with budgeting. It is seen to be costly and time-consuming; it inhibits action and causes organisational problems. The influence of the "Beyond Budgeting" model has caused many major companies, including Toyota, to abandon traditional budgeting altogether. Should other companies follow suit?

This report explores the changes in budgeting through a survey of financial and non-financial managers. Concerns include:

The attitudes of managers towards budgeting models

How budgetary practices have changed

What problems budgeting can cause

The effects of budgets on overall company performance.

This report reveals that there's little evidence to suggest widespread dissatisfaction with traditional budgeting. However, to enable a company to perform at its best, understanding budgeting in context is essential and it is imperative that budgeting works in tandem with other control systems and organisational structure.