How the principles of beyond budgeting promote

Assignment Help Business Management

Reference no: EM131482116 , Length: word count:300

Topic: Budgeting

The modern dynamic business environment has been described as a "buyer market" in which companies must react to the rapidly changing characteristics of the market and needs of customers. Many managers have critic traditional forms of budgeting for being too restrictive and for being of little use for performance management and control.

Explain how the principles of "Beyond Budgeting" promote a cultural framework that is suitable and relevant for the current business environment.

Reference no: EM131482116

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