How Beyond Budgeting Model Can Overcome Traditional Budgeting's Criticisms and whether it's the Way to Forward to Adaptive Mana

How Beyond Budgeting Model Can Overcome Traditional Budgeting
Masters
Dissertation
Finance & Accounting
Pages 60 (15060 words)
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Table of Contents 1. INTRODUCTION 3 1.1 Overview 3 1.2 Background 4 1.3 Significance of the Research Study 9 1.4 Aim and Objectives of the Research Study 10 1.5 Summary 10 2. LITERATURE REVIEW 11 2.1 Introduction 11 2.2 Budgeting and its imperatives 11 2.3…

Introduction

decentralised teams 26 2.6.3 Performance measurement 26 2.7 Changes in the Organisation with the adaptation of Beyond Budgeting 28 2.8. Summary 32 3.0. RESEARCH METHODOLOGY 33 3.1 Introduction 33 3.2 Research Overview 33 3.3 Research Philosophy 34 3.4 Research Approach 34 3.5 Research Methods 35 3.6 Research Strategy 36 3.7 Research Design 36 3.8 Data Collection Method 37 3.9 Data Collection Method 37 3.10 Analysis Method 37 3.10 Reliability of Research 38 3.11 Limitations 38 3.12 Summary 39 4.0 FINDINGS AND ANALYSIS 40 4.1 Introduction 40 4.2 Case Analysis 40 4.2.1 American Express 40 4.2.2 Case Analysis of Aldi 44 4.2.3 Case Analysis of UBS Wealth Management and Business Banking 45 4.2.4 Case Analysis of Guardian Industries Corporation 46 4.2.5 Case Analysis of SpareBank 1 54 4.3 Summary 61 5.0 DISCUSSION 62 6.0 CONCLUSION AND RECOMMENDATION 68 6.1 Conclusion 68 6.2 Recommendations: 72 7. List of References 73 1. INTRODUCTION 1.1 Overview Budgeting is one of the most important tools for managers and it has been regarded as the cornerstone of the management accounting system by Hasnen, Otley, and Stede (2003). Budgeting is a tool that is used by mangers as a blueprint for their future actions. Budgeting is used by organisations to analyse how the firm is performing and how it is expected to perform in the time to come. In some organisations, this tool is also known as the annual planning process. ...
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