Are traditional budgeting practices out of kilter with companies' competitive environment

Essay from the year 2004 in the subject Business economics - Controlling, grade: 80% äquivalent zu 1,0 (A), University of Teesside (Tesside Business School), course: Managing Financial Resources, language: English, abstract: Hope and Fraser (2002) argue that traditional budgeting is “out of kilter with [companies’] competitive environment”. Indeed, traditional budgeting has faced harsh criticism i...