Advanced Planning: The New Direction of Corporate Budgeting

Abstract

Some of the weaknesses of contemporary computerised financial planning systems and procedures encouraged by batch‐processing environments are described. The failure of many levels of corporate management actively to participate in financial planning or to rely on budgets for operating decisions or as a tool for performance evaluation is due to planning processes that force reliance on accounting and information systems personnel rather than depend on the efforts of operating management. A revolutionary new approach to computerised financial planning currently under way at Adolph Coors Company, Golden, Colorado, USA, is discussed.

Citation

Walker, K.B. (1989), "Advanced Planning: The New Direction of Corporate Budgeting", Industrial Management & Data Systems, Vol. 89 No. 7, pp. 27-32. https://doi.org/10.1108/EUM0000000001417