Why Budgeting Fails

2004 reprint from Harvard Business School – “When Jack Welch described the budgeting process as the “bane of corporate America,” he was articulating the frustration of many senior executives and academics who recognize that this annual exercise is rarely justified in today’s fast-changing, highly competitive environment…”

180 View – This older article still applies today. The article describes problems with the budgetinig process and suggests ways to improve it.