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Chapter from: "Beyond Budgeting: How Managers Can Break Free from the Annual Performance Trap"
Published by: Harvard Business Publishing
Published in: 2008
Length: 34 pages

Abstract

This chapter identifies and explains key principles and practices of managing with adaptive processes rather than annual budgets. By removing the budgeting process and fixed performance contract, firms are able to change the attitudes and behaviors of people at every level of the organization. This chapter is excerpted from ‘Beyond Budgeting: How Managers Can Break Free from the Annual Performance Trap'.

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Abstract

This chapter identifies and explains key principles and practices of managing with adaptive processes rather than annual budgets. By removing the budgeting process and fixed performance contract, firms are able to change the attitudes and behaviors of people at every level of the organization. This chapter is excerpted from ‘Beyond Budgeting: How Managers Can Break Free from the Annual Performance Trap'.

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