Any examples of large companies measuring profits and cashflow instead of making traditional cost/revenue budgets?
The following is a copy and paste from this discussion with Pierre 303: Let us take an example where I believe that it is clear that there are no reasons for budget. Imagine a company, which has ...
Large companies are often organized into business units (GM is supposted to be a primer on this). These units essentially function like smaller companies. The only difference is that the accounting ...