Beyond budgeting
In this lesson, you'll learn about beyond budgeting—a modern management approach that replaces rigid annual budgets with adaptive processes and decentralised decision-making.
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In this lesson
- 0:00 Beyond Budgeting Core Principles
- 0:13 Adaptive Management Over Rigid Budgets
- 0:37 Decentralised Networks and Accountability
- 1:04 The Twelve Guiding Principles Explained
- 3:16 Advantages of Beyond Budgeting Model
- 3:49 Implementation Challenges and Resistance
About this lesson
This concept is key to understanding contemporary performance management frameworks, particularly relevant to CIMA's Performance Management and Strategic Management papers. You'll explore the 12 guiding principles that underpin beyond budgeting, from values and transparency to accountability and dynamic goal-setting, and discover how this model fosters innovation, employee empowerment, and faster organisational responses to change. The lesson also covers practical advantages and implementation challenges, helping you understand when and why organisations move away from traditional budgeting towards more flexible, responsive management systems.
Duration: 4m
Transcript
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