‘Beyond Budgeting’ is not another new tool, but an alternative to the ‘Command and Control’ philosophy on which most performance management systems are based. The solution is to evolve to an alternative management model with more adaptive management processes and greater devolution of authority. This alternative model is more in tune with today’s volatile marketplace; it enables superior value creation; and it works with, not against human nature. While the BBRT believes that its principles are universal, each organization must find its own way to adopt them, taking into account its strategy and circumstances. The first step is to look holistically at the current model and evaluate the case for change.
