Beyond Budgeting" by Jeremy Hope

The Significance of Budgeting on Effective Management: Analysis of "Beyond Budgeting" by Jeremy Hope

In the book "Beyond Budgeting," author Jeremy Hope gave an altogether different conceptualization of the significance of budgeting on effective management. In it, he emphasized the need for better and well-thought out budgeting plans in order not to sacrifice the management decisions and ultimately, the efficient performance of a company or organization. The author aimed to create a strong argument illustrating this objective -- that is, the relationship of budgeting with management -- and successfully achieved this by centering his attention to the rudimentary, yet essential, details of budgeting in a more comprehensible manner. The book, in effect, was organized into three parts: firstly, an analysis of budgeting; secondly, on management; and finally, the role that budgeting plays on effective management.

One of the revolutionary ways in which budgeting was transformed...
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