Question: 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

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 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. 25 Marks

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