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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 ...
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Could the following be a good way to manage a large business?

As a consultant for large corporations my startup is considering recommending the following: Imagine that you have a large business with several thousand employees. Usually such a business has ...