Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 28 February 1990
Revision date: 21-Jul-2020
Length: 16 pages
Data source: Field research
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Abstract
Describes a corporation that switches its philosophy of budgeting from 'stretch' targets to 'minimum performance standard' targets. The change has implications for management incentives, compensation, and corporate planning. Early results suggest the concept was not implemented well, even if it was a good idea.
Location:
Industry:
Size:
USD36 million annual revenues
Other setting(s):
1987
Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 17 May 1990
Length: 7 pages
Data source: Field research
About
Abstract
Describes a corporation that switches its philosophy of budgeting from 'stretch' targets to 'minimum performance standard' targets. The change has implications for management incentives, compensation, and corporate planning. Early results suggest the concept was not implemented well, even if it was a good idea.
Settings
Location:
Industry:
Size:
USD36 million annual revenues
Other setting(s):
1987
Related
Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 17 May 1990
Length: 7 pages
Data source: Field research