Can we Use Beyond Budgeting in Entrepreneurial Companies?

(Beyond) Budgeting
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Student (University), Russian Federation

Can we Use Beyond Budgeting in Entrepreneurial Companies?

Is it possible to embed the BB model in a young company?
One of principles of the BB model is allocation of available resourses by needs, so now there are cost plans. And how in this case we can set prices?


adele best
Student (University), United Kingdom

Can One Use Beyond Budgeting in Small Companies?

Do you think beyond budgeting can help small businesses, and what are the best ways to implement it?


Beyond Budgeting not for Small Companies

From this picture and in particular the principles 4, 5, 6, 10 and 11, it would seem that BB is a financial practice aimed at making larger, established firms behave more entrepreneurial again:

Hong Sun
Management Consultant, Canada

Small Companies are Born to Be in Beyond Budgeting Mode

Of course Beyond Budgeting can be used in small companies. Chances are that small companies are born to be both agile and BB, because small organizations are owned and operated by entrepreneurs whose mindset is very close to or exactly what is required by BB and agile movement; and there's no rigid command-and-control bureaucratic hierarchy or problematic yearly budgeting process that provides nothing but waste and an illusion of control.
The key to success in Beyond Budgeting is to disintegrate a large organization into small ones and empower each to gain the flexibility and agility that most small companies are born to have.
So if you are a small company, you are like a slim person who is naturally more agile and flexible than the fat ones--large organizations, and you are probably already operating in an agile way or BB mode.


More on (Beyond) Budgeting:
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Weaknesses of Traditional Budgeting
Budgeting Must Be Flexible and Auditable
Financial Measure / Budgeting is no Longer Dominant
Budgeting for Guidance, not for Control
'Beyond' Budgeting -- Call it Whatever, It's Necessary
Add Rolling Quarterly Forecasts to Traditional Budgeting Process
Budgeting Has Become the End Instead of a Tool to an End
Budgeting is the Essence of Good Management
Budgets Should Facilitate Communication, Collaboration, Cooperation, and Coordination
👀Can we Use Beyond Budgeting in Entrepreneurial Companies?
What is a Budget? Definition
Budgeting in Uncertain Business Climate
Budgeting Must Be Integrated in Strategic Process
Rolling Forecast in Beyond Budgeting
🔥Value Based Budgeting
Why Budgeting and Sound Financial Practices are Crucial
Lump Sum Budgeting with a Cushion
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