Book ChapterDOI
Towards Total Budgeting and the Interactive Budget Warehouse
Dirk Draheim
- pp 271-286
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TLDR
This paper tries to characterize a possible sweet spot between the obvious micro management of total budget control and today’s budgeting practices, which it tentatively call total budgeting.Abstract:
This paper aims at establishing a strictly information system science viewpoint onto management accounting and budgetary processes. This viewpoint is presented in terms of a strictly subject-oriented, time variant data model—the so-called interactive budget warehouse. The target is to overcome the ERP/ad-hoc planning divide that challenges budgetary planning as well as budgetary control in many of today’s enterprises. With respect to technology we see the need to establish budgetary IT systems that potentially enable a total budget control across all levels down to the smallest cost units we deal with in daily operations. However, total budget control is not the target. We try to characterize a possible sweet spot between the obvious micro management of total budget control and today’s budgeting practices, which we tentatively call total budgeting. Total budgeting is the organizational concept corresponding to a reasonable usage of the interactive budget warehouse. Total budgeting is about commitment to the power of financial flows, pervasive profit and cost awareness, overcoming the budget responsibility-accountability divide, and a tight integration of budgetary control with the overall management system of the enterprise.read more
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Out of the Crisis
TL;DR: Deming's theory of management based on the 14 Points for Management is described in Out of the Crisis, originally published in 1982 as mentioned in this paper, where he explains the principles of management transformation and how to apply them.
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References
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Journal ArticleDOI
Theory of the firm: Managerial behavior, agency costs and ownership structure
TL;DR: In this article, the authors draw on recent progress in the theory of property rights, agency, and finance to develop a theory of ownership structure for the firm, which casts new light on and has implications for a variety of issues in the professional and popular literature.
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The Knowledge-Creating Company: How Japanese Companies Create the Dynamics of Innovation
Ikujiro Nonaka,Hirotaka Takeuchi +1 more
TL;DR: The Knowledge Creating Company: How Japanese Companies Create the Dynamics of Innovation as mentioned in this paper The Knowledge creating company is a knowledge-creating company that creates the dynamism of the Japanese economy.
Posted Content
Out of the Crisis
TL;DR: Deming's theory of management based on the 14 Points for Management is described in Out of the Crisis, originally published in 1982 as mentioned in this paper, where he explains the principles of management transformation and how to apply them.
Book
Out of the Crisis
TL;DR: Deming's theory of management based on the 14 Points for Management as discussed by the authors was used in the Out of the Crisis, originally published in 1982, to explain the principles of management transformation and how to apply them.