|
Aleksandra Student (University), Russian Federation
|
Can we Use Beyond Budgeting in Entrepreneurial Companies?
Is it possible to embed the BB model in a young company?
One of principles of the BB model is allocation of available resourses by needs, so now there are cost plans. And how in this case we can set prices?
X
Sign up for free
Welcome to the Budgeting forum of 12manage.
Here we exchange knowledge and experiences in the field of Budgeting.
❗Sign up now to gain access to 12manage. Completely free.
X
Continue for free
Please sign up and login to continue reading.
Here we exchange knowledge and experiences in the field of Budgeting.
❗Sign up now to gain access to 12manage. Completely free.
|
|
|
|
|
adele best Student (University), United Kingdom
|
|
Can One Use Beyond Budgeting in Small Companies? Do you think beyond budgeting can help small businesses, and what are the best ways to implement it?
|
|
|
Anonymous
|
|
Beyond Budgeting not for Small Companies From this picture and in particular the principles 4, 5, 6, 10 and 11, it would seem that BB is a financial practice aimed at making larger, established firms behave more entrepreneurial again:
.
|
|
|
Hong Sun Management Consultant, Canada
|
|
Small Companies are Born to Be in Beyond Budgeting Mode Of course Beyond Budgeting can be used in small companies. Chances are that small companies are born to be both agile and BB, because small organizations are owned and operated by entrepreneurs whose mindset is very close to or exactly what is required by BB and agile movement; and there's no rigid command-and-control bureaucratic hierarchy or problematic yearly budgeting process that provides nothing but waste and an illusion of control.
The key to success in Beyond Budgeting is to disintegrate a large organization into small ones and empower each to gain the flexibility and agility that most small companies are born to have.
So if you are a small company, you are like a slim person who is naturally more agile and flexible than the fat ones--large organizations, and you are probably already operating in an agile way or BB mode.
|
|
|
|
|
Comments by date▼