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Better budgeting or beyond budgeting?

Andy Neely (Professor Andy Neely is Chairman of the Centre for Business Performance at Cranfield School of Management, Professor of Operations Strategy and Performance, and Managing Partner of The Performance Practice. He co‐ordinates the Performance Measurement Association, and has authored over 100 books and articles.)
Mike Bourne (Dr Mike Bourne is Director of the Centre for Business Performance at Cranfield School of Management. He joined Cambridge University in 1995 and moved to Cranfield in 2000.)
Chris Adams (Chris Adams is a Visiting Fellow at the Centre for Business Performance and Principal of Business Performance Insights. Until 2001 he worked at Accenture for 13 years and led the firm’s “Managing with measures” thought leadership development initiative. With Professor Andy Neely he has written a number of articles and white papers relating to the Performance Prism framework – one of the outputs of this development initiative – and also co‐authored The Performance Prism (Financial Times Prentice Hall, 2002).)

Measuring Business Excellence

ISSN: 1368-3047

Article publication date: 1 September 2003



There is massive interest within the financial community in ways of improving and shortcutting the arduous process of planning and budgeting. Sponsored by Accenture, researchers at Cranfield School of Management’s Centre for Business Performance reviewed the literature and interviewed 15 leading companies to obtain insights into the best practices organizations are actually adopting. While some companies have simply exorcised the term budgeting from their corporate vocabularies, a group of pioneering Scandinavian companies have dispensed with budgeting altogether.



Neely, A., Bourne, M. and Adams, C. (2003), "Better budgeting or beyond budgeting?", Measuring Business Excellence, Vol. 7 No. 3, pp. 22-28.




Copyright © 2003, MCB UP Limited

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