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Beyond Budgeting: How Managers Can Break Free from the Annual Performance Trap by Robin Fraser, Jeremy Hope

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Chapter Six

How Three Organizations Removed the Barriers to Change

Self-managed teams are far more productive than any other form of organizing. There is a clear correlation between participation and productivity; in fact, productivity gains in truly self-managed work environments are at minimum 35 percent higher than in traditionally managed organizations.1

—MARGARET WHEATLEY

A number of organizations have seen the opportunity of abandoning budgeting not just in terms of improving processes, but also in terms of radically decentralizing their organizations. In this context, their leaders have taken the view that budgeting is the defining process that perpetuates their cultural norms. Thus, only by removing it will the way be clear to make ...

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