google the article "Who Needs Budgets " by Jeremy Hope and Robin Fraser. then answer the following question: What does the article teach you about budgeting, beyond the text?

Harvard Business Review Accounting Who Needs Budgets? Accounting Who Needs Budgets? by Jeremy Hope and Robin Fraser From the Magazine (February 2003) Budgeting, as most corporations practice it, should be abolished. That may sound like a radical proposition, but it would be merely the culmination of long-running efforts to transform organizations from centralized hierarchies into devolved networks that allow for nimble adjustments to market conditions. Most of the other building blocks are in place. Companies have invested huge sums in IT networks, process reengineering, and a range of management tools including EVA (Economic Value Added), balanced scorecards, and activity accounting. But they have been unable to establish a new order because the budget Type here to search