Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 25 February 2008
Length: 17 pages
Data source: Field research
Abstract
When Borealis, a European producer of plastics, used a traditional, time-consuming budgeting process, the budget was quickly out of date in a competitive environment characterized by continually changing input and output prices and dynamic market conditions. This case describes the process that led Borealis to replace its budgets with four targeted management tools: rolling financial forecasts, Balanced Scorecard, activity based costing, and investment management. It also discusses the process of implementing the new measurement and control systems.
Spanish language
Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 9 May 2002
Length: 18 pages
Data source: Field research
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Abstract
When Borealis, a European producer of plastics, used a traditional, time-consuming budgeting process, the budget was quickly out of date in a competitive environment characterized by continually changing input and output prices and dynamic market conditions. This case describes the process that led Borealis to replace its budgets with four targeted management tools: rolling financial forecasts, Balanced Scorecard, activity based costing, and investment management. It also discusses the process of implementing the new measurement and control systems.
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Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 9 May 2002
Length: 18 pages
Data source: Field research