Question: Budgets have been criticised for being too time-consuming; imposing a vertical command and control structure; creating centralised decision-making; stifling innovation and focusing on cost reduction

Budgets have been criticised for being too time-consuming; imposing a vertical command and control structure; creating centralised decision-making; stifling innovation and focusing on cost reduction rather than value creation (Ostergren and Stensaker, 2011, p. 152).

Requirement

Drawing on the relevant academic literature, critically discuss how implementing a Beyond Budgeting control system could mitigate the criticisms of a traditional budgeting system.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Question 2 'Budgets have been criticised for being too time-consuming; imposing a vertical command and control structure; creating centralised decision-making; stifling innovation and focusing on...

The discussion will focus on management decision-making and control in two companies, American corporation Amazon.com, Inc. and Chinese company Alibaba Group Holding Limited. Decision-making and...

1. CEMEX are reviewing their portfolio of CSR initiative. Critically assess the following options using Porter and Kramer (2006) CSV framework. Which would you recommend CEMEX should adopt/continue...

Sustainability & Corporate Social Responsibility at GE \"GE should be commended for a bold approach to climate issues. However, the company has a long way to go before it can legitimately claim to be...

Management must understand what needs to change. A culture of performance excellence is very different from a traditional management culture. Many traditional practices stem from the fundamental...

Go to www.nucor.com. At the top of the frame you will see the heading Our Story. Then click on Chapter 1 Corporate Overview and read the information under this tab and then click on Chapter 2 History...

In the Intro to Purchasing and Supply Chain reading, Page 6, Figure 1-2, there is a comparison of Traditional Purchasing versus the Current Outlook. Provide three reasons why the Current Outlook is...

MGMT 479- Strategic Management ANALYZING A CASE STUDY (Revised January 25, 2016) Rubric for Case Study - Maximum Points Available (100 Points) The purpose of the case study is to let you apply the...

I need a tutor who can summarize this article in their own words https://hbr.org/1994/07/the-challenge-of-going-green Corporate Social Responsibility The Challenge of Going Green by Richard A....

Utilize the Grand Strategy Matrix to evaluate the competitive position and market growth of the company. Based on your analysis, which strategies should be considered? You should have a visual to...

For nonnegative integers s and r, let s! if r s, r!(s-r)! 0 if r > s. For positive integers m and n, let g(m, n)-f(m,n,p) n+p p=0 where for any nonnegative integer p, f(m.n.p) = (m)(n+) (P+) i=0 Then...

Show that the curve Has continuous first derivatives and curvature at all points. 0 if xs0

The _ _ _ _ _ _ _ _ blank, an asset utilization ratio, indicates how many times a firm collects its accounts receivable in one year. Multiple Choice receivables turnover accounts payable return on...

Which 2 methods of Valuation can be used in reverse order? Question 59 options: a) Deductive Value and Computed Value b) Transaction Value of Similar Goods and Transaction Value of Identical goods c)...

LO1 Explain how HR determines the federal and provincial employment and labour standards that apply to various workers.

Define job descriptions and job specifications , illustrating how the two are related yet different.

What factors need to be considered when redesigning jobs? Of these, which is (are) most important?