Actual Media

Beyond Budgeting

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  • Empowerment of operating managers to make decisions right there and then with limited constraints, in order to meet customer requirements within the context of corporate goals
  • Holds managers accountable
  • Focuses on life cycle costs and performance measures, not budget numbers, to measure progress against.
  • Organizes the business around customer-oriented business units, not hierarchical departments
  • Makes strategy an ongoing process, not an annual event
  • Allocates resources when and where needed, not according to annual budget
  • Discourages micromanagement
  • Releases significant amounts of financial and management time to focus on the client rather than serving the proverbial “bureaucratic beast”
  • Frees resources from budgetary process, to focus on strategy, planning and performance monitoring and servicing customers

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