I found an article in, of all places, the Pakistan Journal of Social Sciences that confirmed a notion I hadn’t yet internalized. Authors Michael Goode and Ali Malik looked over the notion of “Beyond Budgeting” and confirmed most of the conventional budgeting problem, but were doubtful that the solution was captured completely in the Beyond Budgeting movement.
It prompts me to look at where Lean Budgeting falls, and I think I’m working well within budgeting, not beyond. Rather than figuratively throwing the baby out with the bathwater, I advocate simply stripping the conventional budget process back for best value. Don’t apply ratios to forecasted volume, then normalize results based upon volume; stop at the ratios and compare actual performance based on ratios.