Management perfection of modern industrialenterprise on the basis of the concept «Beyond Budgeting»

In current economic environment characterized by a constant increase in competitions andhigh dynamics of the external environment, businesses must constantly work to create core competencesthat can ensure the survival and sustainable development in the long run. In particular this concernsthe areas of financial management. Traditional budgeting being an effective management tool inmany areas is becoming a constraint to development. That is why it is worth paying attention to thefairly young conception Beyond budgeting, which is actively used by a lot of successful Westerncompanies and which can become the basis for successful development of domestic industries.

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