The traditional annual budgeting process--characterized by fixed targets and performance incentives--is time
consuming, overcentralized, and outdated. Worse, it often causes dysfunctional and unethical managerial behavior.
Based on an intensive, international study into pioneering companies, Beyond Budgeting offers an alternative, coherent
management model that overcomes the limitations of traditional budgeting. Focused around achieving sustained improvement
relative to competitors, it provides a guiding framework for managing in the twenty-first century.