In recent years, the Beyond Budgeting Round Table (BBRT; bbrt.org) has called into question traditional budgeting practices.

Question:

In recent years, the Beyond Budgeting Round Table (BBRT; bbrt.org) has called into question traditional budgeting practices. A number of articles on the Web discuss the BBRT’s position. In the BBRT’s view, what is wrong with today’s budgeting practices? What does the BBRT recommend as a substitute?