Beyond budgeting : how managers can break free from the annual performance trap / Jeremy Hope, Robin Fraser.

Includes bibliographies and index.

The annual performance trap -- Breaking free -- How three organizations introduced adaptive processes -- Principles of adaptive processes -- Insights into implementation -- How three organizations removed the barriers to change -- Principles of radical decentralization -- Insights into changing centralized mind-sets -- The roles of systems and tools -- The vision of a management model fit for the twenty-first century.

"In their groundbreaking book, authors Jeremy Hope and Robin Fraser show how organizations can break free from the annual budget trap once and for all. Beyond Budgeting is not a new financial-planning process - it is an alternative, coherent management model that enables companies to manage performance through processes specifically tailored to today's volatile marketplace." "Hope and Fraser spent five years studying a wide range of international companies - from a global corporation to a small charity, from a bank to a ball-bearings manufacturer - that have already abandoned traditional budgeting to varying degrees. From these pioneering experiences, the authors have distilled a set of guiding principles that will take any company beyond budgeting to a whole new level of competitiveness." "Based on the decision-making needs of front-line managers, Beyond Budgeting enables readers to take advantage of two major opportunities: 1) a set of adaptive management processes that replace centrally controlled, predetermined goals with self-regulating, relative competitive benchmarks, and 2) the transfer of power and decision-making authority from the center of the organization to the front line."--BOOK JACKET.

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