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Beyond Budgeting I. The Annual Performance Trap Although an annual budge is somehow necessary to a company, the traditional budgeting process, the fixed budge, seems to be time wasting and expensive compared to its real effect nowadays. II. Breaking Free To break free from the annual budge trap, organizations have found a better way that is the adaptive process. Managers now focus on medium-term strategy rather than short-term fixed targets. The principles of Beyond Budgeting offer a new coherent management model that front-line managers are able to regulate their own performance.
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