A Critical Review Of Hope & Fraser’s ‘Beyond Budgeting’

818 words - 3 pages

A critical review of Hope & Fraser's 'Beyond Budgeting'Jeremy Hope & Robin Fraser are two of three founders of the Beyond Budgeting Round Table (BBRT), a UK based non-profit organisation. The pair have led research into Beyond Budgeting since BBRT's inception in 1997, and have since written a book called 'Beyond Budgeting: How managers can break free from the Annual Performance Trap' (Hope & Fraser, 2003) detailing the first five years of the Beyond Budgeting concept and how it has developed since they started their research. The article in question, which was written 3 years before the pair published their book, was part of the Harvard Business Review, helping the Beyond Budgeting model to gain worldwide recognition.When reading this piece of writing, it is clear to see that the authors were heavily involved in developing the original concept of Beyond Budgeting, as there are no references throughout the article to provide support for the ideas presented. Without references, the reader is forced to trust what the writers tell them, reducing an article's credibility as the reader is not aware of any other authors that share that opinion. Although the article is presenting a number of new ideas that have not before been discussed, it would still be useful for the authors to have given hard evidence with their ideas to give it more reliability. In contrast, Libby & Lindsay (2010) use over forty references in their article that draws comparisons between traditional and Beyond Budgeting.Throughout the article, there is only one example of a company using Beyond Budgeting; the case of Svenska Handelsbanken, the Scandinavian banking service, where abandoning budgeting has worked consistently for them for over 30 years. However, the example used only mentioned how well Beyond Budgeting worked for them, which could be seen as presenting half an argument as there is no mention of other companies that have gone Beyond Budgeting with the same success as Handelsbanken. There is also no mention of other companies for which Beyond Budgeting did not work, which could have balanced out the argument. The fact that the bank is Swedish also raises the question of whether Beyond Budgeting will work as a generalized concept for other businesses, as the Scandinavian economy differs massively from other economies such as America and the UK. Becker et al (2008) use two examples of companies going Beyond Budgeting in their book, both from different economies to one another, and both outlining the benefits and weaknesses to Beyond...

Find Another Essay On A CRITICAL REVIEW OF HOPE & FRASER’S ‘BEYOND BUDGETING’

A Critical Review of "Leaves of Grass" By Walt Whitman

1728 words - 7 pages 1 A Critical Review of "Leaves of Grass" By Walt Whitman Masoud Shahnazari Azad University of Kerman Instructor: Dr. Khozaei Introduction Walter Whitman, the poet known as the American bard was born in West Hills, Long Island in New York on May 31, 1819. His mother, Louisa, immigrated from Holland and his father, Walter, from England. Whitman's father worked mostly with his hands as a carpenter and a house builder and Whitman himself would

Importance of Budgeting a Special Event

2389 words - 10 pages Money. Importance of Budgeting a Special Event. Available at: http://www.ehow.com/info_7735672_importance-budgeting-special-event.html (accessed November 30 2013) EVT202. 2013, Creative thinking and Innovation Study Guide, Section 1 – Innovation, creative thinking and the entrepreneur PG p.10 Donaldson and Faucher, 2013. Canadian Society of Association Executives, Event Planning – Creativity beats bigger budgets. Available at: http

A Critical Review of Kelly’s Personality Theory in Personality Development

2648 words - 11 pages , 2013). George A. Kelly, an American psychologist born in 1905 in Kansa, is one of those major contributors in the field of personality psychology (Warren, 1998). In this paper, I am writing to critically review George A. Kelly's perspective on personality. I will first review Kelly's philosophy of personality. Then, I will review major concepts of Kelly's theory. Finally, I will critically evaluate Kelly's theory and share personal reflection on

Good Sex? A Critical Review of School Sex Education

5381 words - 22 pages Since the 1960s, sex education in North American schools has been surrounded by controversy. Sex education evolved from brief units about anatomy to a preoccupation with the prevention of unwanted pregnancy and sexually transmitted diseases (STDs). By the 1990s, sex education occurred within comprehensive interventions that presented it as but one means of promoting holistic health. A critical review searching for a sex-positive perspective

A Critical Review of Sand County Almanac by Leopold

1643 words - 7 pages A Critical ReviewIt's humorous how new relations can swirl our memoirs. I am an enthusiastic booklover but habitually get involved in the routine reading comprehension I have to do for work and just to keep side by side of what's occurring in the earth. I too repeatedly fail to remember to seize moment in time to read a little of the stuff that in reality matter, the one, which enthuses the spirit and soul, and lifts the strength of mind. I fail

A Critical Review of F. Scott Fitzgerald's The Great Gatsby

1615 words - 6 pages A Critical Review of F. Scott Fitzgerald's The Great Gatsby The Great Gatsby by F. Scott Fitzgerald is a universal and timeless literary masterpiece. Fitzgerald writes the novel during his time, about his time, and showing the bitter deterioration of his time. A combination of the 1920s high society lifestyle and the desperate attempts to reach its illusionary goals through wealth and power creates the essence behind The Great Gatsby

A Critical Review of Articles Containing School Related Issues

2720 words - 11 pages My main aim of this assignment is to provide a critical assessment of two articles with reference to wider reading. I will also be offering my own assessment and reflections on how my overall study has developed my understanding of aspects of teaching and learning in schools.The first article is edited by Phillip Jackson, and is titled 'life in classrooms' .The author of this article draws attention to the reality of classrooms by highlighting

Critical Review of Undaunted Courage

857 words - 3 pages Critical Review of Undaunted Courage Stephen Ambrose’s Undaunted Courage is a remarkable piece of nonfiction literature. His work is so thorough that one wonders how he has time to do much more. Yet he has created time in his life to go west and go camping and hiking and canoeing in the summers with his family. Which possibly shows that anything can be raw material to the open mind, for it was on those trips that he developed a great

Critical Review: Rape of Sita

1793 words - 8 pages When Rape of Sita was first published it was immediately attacked because of the title linking the Hindu goddess Sita, who symbolized chastity, to the word “rape.” Even though Collen’s novel does focus around political struggles, literature is not politics. However, literature is able to be a form of social action. What is literature is it doesn’t post those crucial questions that get humans thinking? Collen believes in reflecting on concrete

A Review of Landsman's Article, Bearers of Hope- Giving Teachers the Tools Necessary to Educate Disadvantaged Children

789 words - 3 pages In her article, Bearers of Hope, Julie Landsman (2006) reviews the tools and techniques that educators must have to be successful when teaching students that have poor living conditions. The number of students living at poverty level or below poverty level condition is rising. These students do not have access to the resources that other children may be able to obtain. Due to this factor, people seem to place limitations on students that

Business Strategy Models- A Critical Review

3712 words - 15 pages Business Strategy - Critical Review (Strategy Models)It is the purpose of this paper to critically review several of the most important business models used by strategic managers in SBUs, we will review strategic models and frameworks proposed by the most influential business strategists and scholars and assess their values within today`s operating environment.Business strategy refers to the aggregated strategies of single business firm or a

Similar Essays

A Critical Review Of Qualitative Methodological Approaches

1546 words - 6 pages unsuccessful behaviours of the executive coach and seeks to make recommendations as to the direction for coaching practice and training. Works Cited Brocki, J. M., & Wearden, A. J. (2006). A critical evaluation of the use of interpretative phenomenological analysis (IPA) in health psychology. Psychology & Health, 21(1), 87-108. Gee, J. P. (1999). An introduction to discourse analysis : theory and method. New York: Routledge. Gee, J. P

Critical Review Of Carn

1350 words - 5 pages Critical Review of Carn The novel Carn, by Patrick McCabe, is a thought-provoking tale of people from a town in Ireland. The town, Carn, goes through economic failure, complete industrialization and commercial revival, back to total desolation. As the town changes, so do the main characters, Josie Keenan and Sadie Rooney. Although they do not know each other at the beginning of the novel, after the indulstrialization of the town, their

Critical Review Of Princess

1274 words - 5 pages . Sasson was reluctant, but in 1992, Princess was publicized. By writing Princess, Princess Sultana and Jean Sasson hoped to expose Saudi Arabian men, and bring justice to Saudi women once and for all. Both Sultana and Jean Sasson strongly hope that the powerful men in Saudi Arabia will ensure change in the Muslim world. This book includes a 31 page listing of outside sources and an 11 page index. Princess is an informative book whose purpose is to

Chilean Budgeting System: Review Of Institutional Mechanisms And Institutions

1740 words - 7 pages until now has been heavily centralized. Works Cited Blöndal Jón and Curristine Teresa (2004). Budgeting in Chile. OECD Journal on Budgeting – Volume 4 – No. 2. Davis Otto, Dempster M. A. H. and Wildavsky Aaron (1966). A Theory of the Budgetary Process. The American Political Science Review, Vol. 60, No. 3, pp. 529-547. Hallerberg Mark (2004). Domestic Budgets in a United Europe: fiscal governance from the end of Bretton Woods to EMU. Ithaca