Ana Mickovic

2017

Budgeting criticism has been around for a while - likewise the resulting management control
philosophy "Beyond Budgeting". The purpose of this paper is to explore the adoption of new
methods in modern companies' operational planning processes. I therefore conduct a field
study within a manufacturer owned financial services corporation that recently changed its
operational planning process. My findings suggest that several principles of the Beyond
Budgeting philosophy have found their way into the organization without completely
replacing traditional budgeting methods. By offering an in-depth look at the core of the case
company's new operational planning process, a statistical rolling forecast, I extent current
literature with an exemplary description of a modern and sophisticated management control
system.