Search results

More frequent re‐forecasting is becoming an important topic on corporate agendas and is seen by many to be the only way to keep financial performance on track at a time when revenues are becoming less predictable. The paper aims to investigate this topic.

For the past four years ALG Software has commissioned a study of the re‐forecasting practices in a sample of the top organisations in the UK by revenue. The objective of the study is to benchmark how frequently the UK's leading organisations currently re‐forecast and what their goals are for the future.

The results show that the majority of organisations remain dissatisfied with the frequency with which they re‐forecast and wish to re‐forecast more frequently. However, the findings also show that many organisations feel that they cannot re‐forecast as often or as quickly as they would like. In fact, evidence suggests that little, if any, progress has been made during the last four years since this survey was first commissioned. This is due to either the amount of time it takes operational line managers to re‐forecast their resource requirements, or the amount of time it takes the finance function to complete a round of re‐forecasting. The type of application used for budgeting and re‐forecasting appears to make little difference to the time it takes organisations to produce an annual budget or complete a re‐forecast. Central to this issue is the use of non‐financial or “operational” data that predicts future resource requirements, and the limitations of the budgeting systems that organisations currently employ. Regardless of the type of application used for budgeting or re‐forecasting, much of this modelling is still done off‐line on spreadsheets.

The paper is of value to finance managers considering choosing a new budgeting application who will need to ensure that the type of operational modelling of non‐financial driver data, currently done offline on spreadsheets by line managers, can be seamlessly integrated into the central budgeting model.

This study aims to explore and understand a beyond budgeting-inspired initiative to abandon budgeting in a multinational bank.

Analysing data from semi-structured interviews with actors involved in and affected by the change initiative, this paper draws on Kasurinen’s accounting change framework as well as concepts from institutional theory to investigate the rationale for and the challenges of budget abandonment.

Although the improving financial market stability and the increasing accountability of banks after the global financial crisis motivated the initial organisational changes, the appointment of a head of finance with experience of beyond budgeting was a major catalyst of change. This change-promoting leader was of utmost importance in providing relevant training and support, facilitating the change initiative and overcoming the initial resistance to change. However, the remnants of former budgeting practice did not regress as intended, and the change initiative stalled.

This research contributes to beyond budgeting and accounting change studies by illustrating a stalled change initiative in the context susceptible to beyond budgeting ideas and highlighting the importance of aligning discourse and meaning with practice and routines.

This paper aims to explore the implications for the way organizations develop leaders when decision making is delegated closer to the front line.

The paper explores this theme using the National Trust as a case study.

Conventional distinctions between “management” and “leadership” become blurred and potentially misleading when front line managers become more accountable for local performance. In addition, a blend of interventions is required to develop skills at various leadership levels, ranging from technical to personal, and group‐based to individually tailored.

The case study is based on a charity and ignores the implications for fiduciary duties for directors and trustees. In addition, the paper does not include a review of the definition of devolved or delegated decision making. Finally, the case study is ongoing and the final results from the work will not be evident for up to two more years.

Devolving responsibility in a charity is a rare and courageous initiative, given the broad array of stakeholders and level of public scrutiny. Given this challenge, private and public sector organizations can benefit from this experience and identify ways to engage their own stakeholders in the practical leadership development implications of a similar decision.

As the world jumps from the Industrial Age to the Information Age in what is, from a historical sense, a cultural nanosecond, the very concept of work is morphing at Warp 13 speed, the Information Revolution is coursing through the veins of corpus corporatus, having as significant an effect on the American workplace as did Ford's assembly line. The principal currency of the new workplace—what one knows and what one does with that knowledge—is effectively splitting the nation's workforce into two social classes. A professional class (“information brokers”) holds the skeleton key to the executive bathroom, while a service class is increasingly relegated to the broom closet. As the ability to manipulate data emerges as the new definition of skilled labor, blue‐collar workers, who represented the heart of the postwar middle class, are fast becoming an endangered species. With polarization of the workplace accelerating into the next millennium, the parachutes most likely to open will be those somehow connected to managing information.

This article has two main parts. First, the aim of the paper is to give a brief overview of the major developments in management control over the past 50 years and attempt to draw out some abiding themes that have arisen from the work that has been conducted. Second, it will examine one of the more recent issues in more detail, namely managing under conditions of uncertainty, and outline the contribution that management control systems research can make.

This is a conceptual paper.

The primary aim is to suggest areas for research that are likely to be both relevant and fruitful in the future. It represents a personal point of view, and is in no sense a comprehensive review of the literature, but rather attempts to draw out some important themes that are worthy of further study and development.

The paper will be of use to those seeking to design research studies in performance management.

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.

The purpose of this study is to investigate contemporary pre-service English teacher education in the UK and the transition, for one individual, from pre-service into early-career English teacher. The investigation explores how standards-based education reforms are narrowing the scope of professional practice in UK schools, especially in regard to the creativity of teachers and students.

The authors use critical autobiography (Haug, 1992; Miller, 1995; Rosen, 1998) and dialogic storytelling strategies (Doecke and Parr, 2009; Parr et al., 2015), that are grounded in Bakhtinian (1981) theories of language, education and creativity.

The essay critically illustrates how standards-based reforms are narrowing the professional practice of English teachers in secondary classrooms in England and compares this with one account of pre-service teacher education in which prospective teachers are taught to appreciate the situated nature of teaching and learning and the power of creative practices to engage students in their learning and development.

The critical and creative use of dialogic storytelling strategies allows the authors to present rigorously contextualised accounts of English teacher education and English teaching in England. The reflexive accounts complement the increasing numbers of studies that are showing the injurious effects of standards-based education reforms on English teaching and learning in schools.