For the first time, ‘Reinventing Planning & Budgeting’ provides a comprehensive guide to the practical options, a migration plan and benchmarks for improvements. Discover how to bring about the all-important cultural challenges in behaviour and working practices that make next-generation planning and budgeting possible.

"If it's the budget that holds the whole management edifice together, won't the organisation just fall apart without it? The great value of the present report is that it shows that the answer is no.”
Simon Caulkin, The Observer, Sunday January 7th 2007
Tools and Techniques for reengineering the budgeting process
Use this strategic report to:

· Transform budgeting pain into corporate gain
· Create lean, effective planning and budgeting processes
· Solve the cultural challenges of developing an adaptive enterprise
· Implement workable alternatives to the annual budget De-couple incentives from annual fixed targets
· De-couple incentives from annual fixed targets

‘Reinventing Planning & Budgeting for the Adaptive Enterprise’ shows how to undertake goal-setting, planning, resource allocation and performance-linked compensation using more appropriate frameworks and tools. Alternative tools and techniques are only part of the requirement. Find out how to bring about the all-important cultural challenges in behaviour and working practices that make next-generation planning and budgeting possible.

Dissatisfaction with the annual budget is driving companies to a tipping point. It is not just the time, effort and cost eaten up by conventional budgeting. Once delivered, it undermines an organisation’s ability to adapt and respond to changing operating conditions and market forces. And when linked to rewards, the annual budget often distorts decision-making and management behaviour.

Designed for a business era that has long passed, the annual budget is now a constraint and liability.

Armed with this report, you can be prepared for the journey ahead: discover how others have solved the problems of moving from the old to the new order. Business Intelligence’s research distils the experience of leading companies to provide you with the benefit of the insights they have gained. In addition, there’s advice from experts who have helped organisations to implement these new ways of working.

Throughout the report there are also a number of in-depth case studies based on exhaustive interviews with those responsible for designing and implementing new processes and practices – some evolutionary and others radical – at organisations including Henkel, Nordea, UBS Global Wealth Management and Herman Miller.