The Research On Corporate Beyond Budgeting

Corporate budgeting promotes corporate to establish a healthy internal controlling system. The budgeting process is a kind of technique to affirm corporate internal economic responsibility and increase the standard of financial control management. Using budgeting as corporate management instrument give rise to many advantages to the growth of the corporate and this is the main reason why in the last decade many domestic and foreign country companies adopted budgeting as their corporate management instrument in their daily operating process. But the change for industrial age to information age caused a noticeable increase in the uncertainties and competitions of enterprise operation environment .The traditional functions of control and performance evaluation of budget management have wavered, even some how shackles of enterprise management flexibility. Therefore, both the academes and practices have put forward radical theories that enterprise also can do well in operation and management when they are not to engage in the budgeting work. In the year 1999, in Europe CAM-I organized the Beyond Budgeting Round Table which brought forward the concept of Beyond Budgeting. Does traditional budgeting management model already out dated? Many foreign corporates using Beyond Budgeting as their management instrument and do well than before. Does Beyond Budgeting adapted to all the corporate? This is the target of the author of this thesis.In this thesis firstly reviewed the theoretical research situations of comprehensive budget management and beyond budgeting management, and then elaborated the theories of the two concepts on the base of the theories, analyzing the suitability of traditional budgeting in nowadays business environment, as well as exploring the method of Beyond Budgeting, a newly budgeting management insight. The chief object is to point out the deficiencies of traditional budgeting model and to bring up a new model of budgeting management which can adapt the recent development of companies, and to offer some advice to the budgeting management of companies in our country. First by the analysis, point out that the traditional budgeting can't adapt the development of modern companies; then educe beyond budgeting theory on the basis of this analysis, and give advice to companies and give advice to companies which should transfer to the method of Beyond Budgeting from traditional budgeting. The exploration is based on many cases study of the companies which has been using traditional budgeting to manage the company for many years, and is now transferred to adapt to the method of Beyond Budgeting as its corporate management instrument. Content of the cases study will concentrate on the problems that might arise during the transitional period, and how these problems are resolved finally, base on the outcomes from the cases study to analyze whether Beyond Budgeting is a suitable management instrument in recent business environment, and put forward some suitable advice...