What is it?
Beyond budgeting is the principle whereby companies need to move beyond budgeting because of the inherent flaws in budgeting, especially when used to set contracts. It proposes that a range of techniques, such as rolling forecasts and market-related targets, can take the place of traditional budgeting.
What benefits does the framework provide?
It's a faster and more adaptive process than traditional budgeting.
It's a decentralised process, unlike traditional budgeting where leaders plan and control organisations centrally.