From the Editor

You are here: Home : Topics A-Z : From the Editor

Budget Busters

It takes a lot of hard work to dismantle the budgeting process.

September 1, 2012

Everybody complains about budgeting, and almost everybody tries to do something about it. The companies profiled in this month's cover story have done something: they've scrapped the process once and for all ("Freed from the Budget"). Thanks to techniques like rolling forecasts and continuous planning, companies like Group Health Cooperative in Seattle and Holt CAT in Texas no longer have to submit to the arduous annual task of constructing a document that can depreciate in value faster than a new car. They can adapt more easily to changing market conditions and, in the words of Statoil executive Bjarte Bogsnes, "set targets that motivate and inspire people without all the gaming and pay negotiations." Read more...

Follow this topic

More From the Editor Articles

  • Dodd-Frank at Two

    Overhauling the world's largest financial system doesn't happen overnight. August 1, 2012

  • Oldies but Goodies

    Older workers can be considerable assets, if you manage them properly. June 16, 2012

  • Take a Chance on Yourself

    Risk and success in finance careers. May 15, 2012

  • Putting More Oh! in CFO

    What a magazine makeover means for readers. April 15, 2012

  • Money to Burn

    Smaller companies continue to face a credit squeeze. March 1, 2012

  • Social Studies

    Why CFOs can't ignore social media. February 1, 2012

  • The Big Pictures

    How three critical industries plan to rebound in 2012. December 1, 2011

  • Talent, Quantified

    As technology eliminates more and more jobs, the workers who remain become more valuable. November 1, 2011

  • An Eroding Compact?

    The slumping economy has accelerated the deterioration of the traditional employer-employee relationship. October 1, 2011

Related White Papers

» More Related White Papers


Business Solutions Center

» More Business Solutions Center Links